HOCK LOCK SIEW
·
SUBSCRIBERS
Exuberance over aviation stocks may be misplaced
Add BT as a preferred source
Published Mon, Mar 1, 2021 · 09:50 PM
LOCAL aviation-related counters posted a surge in their share prices on Monday, when a third vaccine against the novel coronavirus was authorised over the weekend for use in the United States.
Singapore Airlines (SIA) delivered a 5.22 per cent increase in share price, while aviation-related counters closed higher: ground-handler and inflight caterer Sats rose 1.82 per cent, SIA Engineering jumped 4.41 per cent and ST Engineering 3.99 per cent higher.
The global picture was no less rosy.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
