Suggested entry prices for SATS and STE are $2.75 and $3.30 respectively.
Singapore’s aviation sector still has dark clouds looming over it even into 2021, but the race for a Covid-19 vaccine may benefit some companies.
UOB Kay Hian analyst K Ajith upgraded the aviation sector to “market weight” on the sector. Ajith has also rated SATS and Singapore Technologies Engineering (ST Engineering) “hold” and with target prices of $3.10 and $3.60 respectively.
