Singapore Stock Market News

SATS Ltd - Trading At Stretched Valuations

StockFanatic
Publish date: Fri, 24 Jul 2015, 03:36 PM
StockFanatic
0 10,453
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.

1QFY16's SGD47m profit (+8.6% YoY) made up 23% of our/consensus FY16 estimates with profit growth aided largely by lower costs across all key expense categories as revenue remained weak (-4.2% YoY). We lift our FY16F-17F profit by 1.7-4.3% as we expect margin expansion to continue and retain NEUTRAL with a higher SGD3.35 TP (9% downside), following the 21% YTD share price surge, which we believe has factored in most of the upside from recent positive news flow.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment