Market View: SIA’s Scoot to add 9 new Embraer aircrafts to support network growth strategy, SIA Engineering Company’s 64.1% yoy drop in net profits as wage support ends, Challenger Technologies net profits down 40% you, Indonesia banks making "too much money"

Your Way Home with Hongbin Jeong · Feb 20, 2023 · 14m

Singapore stocks slid today following losses in the US and European markets. The Straits Times Index fell 0.1 per cent early trade to 3,324.65 points after 68 million securities changed hands. Singapore Airlines made the news today after its subsidiary Scoot announced on Friday that it will add nine new Embraer <<em-brai-uh, like empire>> E190-E2 aircrafts to its fleet to support its network growth strategy. How are investors reading into this? At the same time, SIA Engineering Company reported a 64.1 per cent year-on-year fall in net profit to S$12.8 million for its third quarter ended Dec…