Stocks to watch: SIA, Sats, Sinarmas Land, Japfa, Aztech, Sabana Reit, LHN, Oiltek

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 16).

Singapore Airlines (SIA): SIA and its low-cost arm Scoot reported a 0.8 per cent year-on-year drop in combined passenger traffic in March, partly due to the shift in the Easter holiday from March in 2024 to April in 2025. Scoot’s passenger traffic fell 5.5 per cent to 2.7 billion, while SIA’s was up 0.5 per cent at 9.9 billion, the national carrier said in an operating update on Tuesday. The two airlines carried a combined total of 3.3 million passengers in March, 0.8 per cent higher than the same period last year. Shares of SIA closed on Tuesday up 1.4 per cent or S$0.09 at S$6.30.

Sats: Its subsidiary Worldwide Flight Services has been awarded a new five-year cargo handling contract with Emirates SkyCargo, the cargo arm of Emirates, at Frankfurt Airport. The contract underscores Sats’ long-term partnership with the world’s largest international airline – it now provides specialised gateway services at 21 stations across Emirates’ global network, said the freight handler in a bourse filing on Tuesday. Shares of Sats closed on Tuesday up 0.8 per cent or S$0.02 at S$2.67.