Singapore Stock Market News
SATS - Awaiting stronger air traffic trends
StockFanatic
Publish date: Fri, 15 May 2015, 02:08 PM
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â– Raise EPS by 7-10% for franchise-fee rebate at Changi Airport & higher associate contributions. Lift TP to SGD3.15 from SGD2.80, still at 16x FY3/16 P/E.
â– Maintain HOLD pending stronger evidence of aviation turnaround, though we still prefer SATS to MRO peers, SIA Engineering & ST Engineering.
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