Stocks to watch: Singapore Airlines, Sats

THE following companies have seen new developments that may affect trading of their securities on Friday (Jun 16).

Singapore Airlines (SIA) : The national carrier and its budget counterpart Scoot served 2.8 million passengers in May, a year-on-year increase of 65.8 per cent. This came amid “strong demand for air travel”, it said in its monthly operating results on Thursday. SIA shares closed up 4.1 per cent or S$0.31 at S$7.91 on Thursday, before the announcement.

Sats : The airport service company will put three regional chief executives at the helm of its gateway services business lines, including the operations of its recently acquired air cargo handler Worldwide Flight Services (WFS). This announcement came after the recent departure of Craig Smyth, chief executive of WFS, which Sats acquired for S$1.8 billion. Sats shares closed up 0.4 per cent or S$0.01 at S$2.59, before the news.