aviation

SINGAPORE (Jan 31): UOB Kay Hian is maintaining “overweight” on Singapore’s aviation sector with expectations of Singapore Airlines and ST Engineering to surprise on the downside in the ongoing earnings reporting season.

SINGAPORE (Jan 22): SilkAir, the regional wing of Singapore Airlines (SIA), is introducing Phase 2 of its direct flight trial between Singapore and Broome, Western Australia, this June 2019.  

SINGAPORE (Jan 17): Zuji, an Asian online travel booking site, is no longer operational after failing to renew licenses in Hong Kong and Singapore and an air ticketing system terminated its services.

SINGAPORE (Jan 15): The overall passenger load factor (PLF) of airlines under Singapore Airlines (SIA) group concluded at 85% in December 2018 – up 0.3 percentage points (ppt) from 84.7% a year ago as well as outpacing capacity injection of 6.8% in term

SINGAPORE (Jan 11): OCBC Investment Research is downgrading SATS back to “hold” while raising its fair value to $5.34 from $5.23 previously, after updating its cost of equity (COE) assumptions to factor in its latest share price rally.

SINGAPORE (Dec 17): It is probably safe to say now that Dr Mahathir Mohamad has not changed his attitude towards Singapore. And, for as long as he is prime minister of Malaysia, bilateral relations between the two countries are likely to be rocky.

SINGAPORE (Nov 30): UOB KayHian is maintaining “market weight” on the local aviation sector, while its top “buy” picks remain SATS and ST Engineering, which have been given price targets of $5.40 and $4.06, respectively.

SINGAPORE (Nov 22): Singapore Airlines (SIA) says its low-cost carrier, Scoot, will be taking over a number of SilkAir’s routes over the next two years – as well as transferring some of its services to existing destinations served by SIA and SilkAir,

SINGAPORE (Nov 8): SATS Ltd, the provider of gateway and food solutions, has announced 2Q19 earnings of $65.7 million, down 9% from $72.2 million a year ago in the absence of a one-off gain on disposal of assets held for sale, as well as lower contributio

SINGAPORE (Nov 2): CGS-CIMB Securities is maintaining its “add” call on China Aviation Oil (CAO), lowering its target price on the stock to $1.83 from $2.03 to account for a wider discount of 30% of peer average compared to 25%.