Changi Airport

Business travellers will be able to come to Singapore without having to quarantine, provided they remain only at a Changi facility

Excluding the 20% privatisation premium, the analysts say their fundamental target price would be at $1.50.

All three airports handled more than 60 million passengers in 2019, but the pandemic scorched demand for travel in 2020.

Quarantine-free leisure travel has already opened from New Zealand, Brunei, Australia, Vietnam, Taiwan and China.

Investors should note that a more liberal reopening could increase community infections, increasing risks of a renewed lockdown.

This three-times a week route will be the only non-stop air cargo link from the US Northeast to Singapore.

As at Aug 14, SIA had already burnt half of the $8.8 billion proceeds raised from rights shares and mandatory convertible bonds.

The brokerage’s harsh forecast is based on the bleak guidance provided by the International Air Transport Association.

CGS-CIMB Research has cut its FY21-23 earnings per share forecasts for the company by 9.9%-12.9% on weaker postal margins.

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