Singapore Stock Market News
SATS - A strong 1Q but the Turkish Delight is off the menu
StockFanatic
Publish date: Fri, 20 Jul 2018, 01:59 PM
StockFanatic
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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.
1Q FY3/19 core profit increased 11.5% YoY/24.1% QoQ, better than we expected from across-the-board growth in its markets, barring Indonesia. Cost control continued to bear fruit with revenue growth outstripping expenditure. Cancellation of its MOA with Turkish Air was an unexpected development and we consequently cut FY19E-21E profits 0.7%/4.7%/6.8% and TP by 4% to SGD5.90 to factor this in. That said, other new ventures are on track and should drive a c13% 3-year profit CAGR. Maintain BUY. Read More
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