Singapore Stock Market News

SATS Ltd - Inching up

StockFanatic
Publish date: Thu, 07 Nov 2013, 10:45 AM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We continue to like SATS for its 4.9% yield, strong balance sheet with net cash of S$270m and encouraging volume growth in Changi Airport. Maintain Outperform.

2Q14's core net profit was broadly in line with our expectations and consensus's. 1H14 formed about 45% of our full-year forecast. SATS declared a 5 Scts interim dividend, similar to 1H13. We have raised our target price to S$3.88, after rolling forward to CY15, still based on 17.7x P/E, or +1 s.d. of its five-year mean. Catalysts could come from a rebound of earnings in TFK and stronger dividend payout.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment