Exuberance over aviation stocks may be misplaced
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
