Meanwhile, SATS’s recovery momentum will be driven by continued recovery of regional flight activities and the stabilisation as well as a potential reacceleration of air cargo growth.
UOB Kay Hian analysts have added Capitaland Ascott Trust (CLAS) and SATS to their alpha picks for January while removing RH Petrogas (SGX:T13
) , SIA Engineering and Far East Hospitality Trust (SGX:Q5T) (FEHT).
CLAS is a play on Singapore’s ongoing tourism recovery, as its portfolio occupancy is expected to improve in 2HFY2023 and 2024 on the back of normalisation in business and leisure travel.
