The analysts note that the Singapore aviation sector has a “promising outlook despite some uncertainty”, as global air passenger traffic continues to recover strongly, growing 11.3% y-o-y in 9M2024 ytd.
DBS Group Research analysts Jason Sum, Tabitha Foo and Paul Yong have identified Singapore Technologies Engineering (SGX:S63
) (ST Engineering) and Sats as their top picks in the Singapore Aviation Sector with target prices of $5.40 and $4.40, respectively.
On the other hand, the analysts maintain their “hold” calls on Singapore Airlines (SGX:C6L) (SIA) and SIA Engineering Co (SIAEC) with target prices of $6 and $2.50, respectively.
