STI continues upward trajectory on better results, vaccine optimism

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SATS Limited and Genting Singapore saw the highest gains of 25.2% and 18.1% respectively.

The CEO of SATS announced on Nov 12 that the company, which handles airline catering, airfreight and other gateway services, is also able to transport the experimental Covid-19 vaccine developed by Pfizer.

Genting Singapore, on Nov 14, reported earnings of $54.5 million for the 3QFY2020 ended Sept 30, compared to losses of $163.3 million in the 2QFY2020 ended June 30.

See also: Local gamblers drive Genting Singapore back into the black with 3Q earnings of $54.5 million

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