Singapore Stock Market News
SATS - Multiple headwinds
StockFanatic
Publish date: Sat, 15 Nov 2014, 05:14 PM
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■ De-rating catalysts from weaker volumes at TFK, lower average meal value at Changi, costlier manpower and pricing & volume pressure at gateway associates.
■ Reiterate SELL with TP slightly up to SGD2.70 from SGD2.50 after rollover to 16x FY3/16E EPS.
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