dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities
  • Lah!

SGX And CAI Launch Index To Capture Long Term Aviation And Travel-Related Growth As Borders Reopen

  • November 27, 2021
Total
0
Shares
0
0
0

Singapore Exchange (SGX) and Changi Airports International (CAI) today jointly launched the iEdge-GateEq Aviation and Travel Index which aims to capture global aviation and travel-related long term growth, as borders reopen and travel restrictions ease.

Developed by SGX as part of the SGX iEdge product suite and in collaboration with GateEq, a strategic initiative of CAI which is the consultancy and investment arm of Changi Airport Group, the market capitalisation-weighted index covers the top 50 listed companies worldwide with revenue derived from the six sectors defined by GateEq, namely Airport Infrastructure and Services, Airlines, Original Equipment Manufacturer (OEM) and System Providers, Air Freight and Logistics, Travel and Booking Services, and Hospitality.

This index is constructed to be tradable, with efficient liquidity and replicability. SGX will review the index constituents quarterly, using the index methodology to screen a universe of stocks researched by GateEq.

The advent of COVID-19 has led to an unprecedented impact on the aviation industry as global passenger volume plummeted. However, the International Air Transport Association (IATA) has forecasted a recovery where global passenger numbers are expected to surpass pre-COVID-19 levels by 2024, depending on countries’ border reopening and quarantine mandates. Nevertheless, global vaccination efforts and the recent reopening of key markets like the U.S. and Europe, as well as other regional markets like Australia, Argentina, Thailand and Singapore should boost confidence for air travel recovery and its growth thereafter.

Based on the iEdge-GateEq Aviation and Travel Index, travel and aviation stocks displayed high volatility since March 2020 as countries were grappling with border closures and reopening. The index has since reached pre-COVID-19 level in October 2021, driven by a rally in hospitality, travel and booking related stocks, while airlines and air freight stocks remain as laggards.

Ng Kin Yee, Managing Director and Head of Data, Connectivity and Indices, SGX, said, “We are delighted to partner CAI on this aviation and travel index launch. As borders reopen and travel restrictions ease, the aviation and travel sector is one that is keenly watched by investors seeking to capture post-pandemic growth. While growth across the industry may be uneven, we hope that this index will serve as a yardstick and source of insight for investors and the wider industry, and we certainly look forward to this ongoing partnership with CAI.”

Eugene Gan, CEO of CAI, said, “Notwithstanding CAI having established a global footprint covering multiple airports across different regions, we believe this is the first occasion in the world where an airport group is working with a leading index market provider to provide such a unique solution for the financial market. We are excited to work with SGX in this new partnership and to launch the index at this opportune moment as borders reopen.”

For details on the index methodology, please visit: https://www.sgx.com/indices/products/iegatenr

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • CAI
  • Changi Airports International
  • COVID-19
  • GateEq
  • iEdge-GateEq
  • iEdge-GateEq Aviation and Travel Index
  • SGX
  • SGX iEdge
  • Singapore Exchange
  • Travel Index
dotlah.com

Previous Article
  • Lah!

Birds Of Prey Wear 3D-Printed Shoes To Treat Foot Disease

  • November 27, 2021
View Post
Next Article
  • Cities
  • Lah!

Singapore Airlines Launches Flight Pass To Offer Customers Greater Savings And Travel Flexibility

  • November 27, 2021
View Post
You May Also Like
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Cities

Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong

  • dotlah.com
  • June 4, 2025
View Post
  • Cities
  • Politics

Singapore businesses eye more investments in PH, says PM Wong

  • Dean Marc
  • June 4, 2025
View Post
  • Cities
  • Research

Mathematicians uncover the logic behind how people walk in crowds

  • dotlah.com
  • April 3, 2025
View Post
  • Lah!

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • John Francis
  • March 25, 2025
View Post
  • Lah!

Canonical announces 12 year Kubernetes LTS

  • John Francis
  • March 4, 2025
“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch
View Post
  • Cities
  • Technology

“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch

  • John Francis
  • January 6, 2025
dotlah-smartnation-singapore-lawrence-wong
View Post
  • Artificial Intelligence
  • Featured
  • Features
  • Lah!
  • Machine Learning
  • Technology

Growth, community and trust the ‘building blocks’ as Singapore refreshes Smart Nation strategies: PM Wong

  • Dean Marc
  • October 9, 2024


Trending
  • 1
    • Science
    • Technology
    Futurology: How A Group Of Visionaries Looked Beyond The Possible A Century Ago And Predicted Today’s World
    • September 6, 2019
  • 2
    • Cities
    • Lah!
    ERP Rates Reduced By $1 Across All ERP-Chargeable Gantries Ahead Of The June 2021 School Holiday Period
    • May 24, 2021
  • green-grass-petar-tonchev-c-5-QE5kBYk-unsplash 3
    • Cities
    Sponge Parks And Vertical Gardens – How Cities Are Using Nature To Overcome Extreme Weather
    • April 30, 2021
  • 4
    • Cities
    • Society
    Wuhan, The Coronavirus And The World: Thinking Beyond Isolation
    • February 3, 2020
  • 5
    • Lah!
    • Science
    Fine Aerosols Emitted During Talking And Singing May Play A Crucial Role In COVID-19 Transmission: Singapore Study
    • August 12, 2021
  • 6
    • Science
    • Society
    When Will There Be A Coronavirus Vaccine? 5 Questions Answered
    • January 29, 2020
  • dotlah-com_zedreviews-Apple-iPhone-16-Apple-Intelligence-240909 7
    • Featured
    • Features
    • Gears
    • Technology
    Apple introduces iPhone 16 and iPhone 16 Plus
    • September 10, 2024
  • 8
    • Technology
    Singapore Technology Companies Find New Opportunities And Strengthen Partnerships At Smart China Expo 2019
    • August 27, 2019
  • driving 9
    • Cities
    Reasons Why Defensive Driving Is A Must
    • October 28, 2020
  • 10
    • Lah!
    NEA Launches New NEA-Industry Scholarship Programme For The Environmental Services Industry
    • February 14, 2020
  • 11
    • People
    • World Events
    How Contagious Is The Wuhan Coronavirus And Can You Spread It Before Symptoms Start?
    • January 30, 2020
  • 12
    • Lah!
    MINDEF And SUTD Sign Cybersecurity MOU On Operational Technology Collaboration
    • September 17, 2021
Trending
  • Kitchen Knives - Best All-Around Picks in 2025 1
    Kitchen Knives : The Surgeons of Cooking – Best All-Around Picks in 2025
    • September 15, 2025
  • 2
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
  • 3
    Apple debuts iPhone 17
    • September 9, 2025
  • Fruits and vegetables for cooking. For food processors. 4
    Food Processor: The Swiss Army Knife of the Kitchen – Best All-Around Picks in 2025
    • September 8, 2025
  • 5
    Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet
    • September 4, 2025
  • 6
    Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
    • August 25, 2025
  • French Fries 7
    Air Fryer: The One Cooking Appliance to Rule Them All – Best All-Around Picks in 2025
    • August 22, 2025
  • 8
    Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025
    • August 20, 2025
  • 9
    HP Cranks Up the Game with Smarter Systems, Cooler Builds, and Gear That Hits Different
    • August 14, 2025
  • 10
    New Trump tariffs: early modelling shows most economies lose – the US more than many
    • August 6, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.