Watch this space: Analysts upbeat on Singapore’s new space agency, but see no near-term lift for stocks
ST Engineering and local telcos are among the expected potential beneficiaries
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[SINGAPORE] The formation of the National Space Agency of Singapore (NSAS) marks a pivotal step in the Republic’s push to strengthen its position in the global space economy.
But although analysts are optimistic about its long-term structural potential, they warn against expecting an immediate boost to corporate earnings or share prices.
Announced on Feb 2, the agency that will spearhead Singapore’s national space ambitions will come into being on Apr 1 under the Ministry of Trade and Industry (MTI).
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