Singapore Stock Market News

SATS - Not cruising on with SCC

StockFanatic
Publish date: Wed, 14 May 2014, 02:57 PM
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■ Terminates S&P for proposed S$110m acquisition of Singapore Cruise Centre, citing "market developments in Asia"

■ Trimmed FY15F/16F earnings by 6% each as we had assumed acquisition to contribute from FY15F

■ Expect management to continue to lookout for inorganic growth opportunities to supplement growth

Maintain HOLD, TP lowered to S$3.09
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