Update to Notes on Singapore Airlines

This is an update of the Singapore Airlines note published on 11th June.

The Singapore government this week announced its intention to eventually move the approach towards Covid to one of treating it as endemic. Subject to vaccination rates, the targeted date for a wider re-opening was cited to be National Day, 9th August. There was also talk of normalising travel (for leisure) by the end of the year.

ATEC thinks this could be a sufficient catalyst for the stock to perform.

Source: Bloomberg