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

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
View Post
  • Cities

Popes were once confined to Rome. Now they travel the world – and Francis’ current journey is particularly significant

  • dotlah.com
  • September 13, 2024


Trending
  • 1
    • Lah!
    • Technology
    Singapore Wins International Award For Its Artificial Intelligence Governance And Ethics Initiatives
    • May 30, 2019
  • 2
    • Cities
    Pandemic Alters Political Conventions – Which Have Always Changed With The Times
    • August 24, 2020
  • 3
    • Lah!
    Chingay Parade 2020 To Feature The World’s Largest Flying Dragon and Longest Fire Cracker To Date
    • January 24, 2020
  • 4
    • Environment
    • People
    Plans To Fight Coronavirus Must Pay Attention To The Environment
    • March 1, 2020
  • 5
    • Technology
    SUTD And Thales Collaborate To Accelerate The Development Of Smart Aviation Technologies
    • February 26, 2020
  • 6
    • Lah!
    • Technology
    Scientific Research Shows Customised Innovations Can Reduce The Risk Of COVID-19 Transmission
    • February 28, 2021
  • 7
    • Cities
    • Lah!
    Project Wolbachia-Singapore Suppresses Aedes Aegypti Mosquito Population And Reduces Dengue Cases At Release Sites
    • July 7, 2021
  • city-people-streets-pedestrian-christopher-burns-pzMP-RGJ7mY-unsplash 8
    • Cities
    Living In The City: Taking The First Steps
    • October 7, 2021
  • 9
    • Science
    • Technology
    Singapore Scientists To Help Develop Asian Immune Diversity Atlas, With Support From The Chan Zuckerberg Initiative
    • March 17, 2020
  • 10
    • Cities
    5 Benefits Of Working For A Ride Share Program
    • August 18, 2020
  • 11
    • Lah!
    NEA Urges Collective Community Action As We Enter Traditional Peak Dengue Season
    • May 18, 2020
  • Christmas Gifts 12
    • Featured
    • People
    The Most Desired Christmas Gifts in The U.S.
    • December 13, 2023
Trending
  • 1
    PBBM asks Singapore to invest more in PH renewable energy projects
    • June 6, 2025
  • 2
    Singapore PM Wong arrives in Malacañang
    • June 4, 2025
  • 3
    Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong
    • June 4, 2025
  • 4
    Singapore businesses eye more investments in PH, says PM Wong
    • June 4, 2025
  • 5
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
  • 6
    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    • May 29, 2025
  • 7
    315,000 Singaporeans have used new career and skills planning tool by SkillsFuture Singapore
    • May 23, 2025
  • college-of-cardinals-2025 8
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 8, 2025
  • conclave-poster-black-smoke 9
    The World Is Revalidating Itself
    • May 7, 2025
  • oracle-ibm 10
    IBM and Oracle Expand Partnership to Advance Agentic AI and Hybrid Cloud
    • May 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.