Singapore Stock Market News

SATS - Slow start

StockFanatic
Publish date: Wed, 23 Jul 2014, 01:07 PM
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■ 1Q15 results slightly below estimates, dragged by higher costs and lower JV/associates contribution

■ Muted outlook due to overcapacity in the aviation sector and higher costs

■ Strong net cash position; 4.1% dividend yield to support share price

Maintain HOLD with TP adjusted slightly lower to S$2.90
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