SATS Ltd | Hold
Sept 22 close: S$3.94
Target price: S$3.78
OCBC Investment Research, Sept 22
Changi Airport's operating statistics showed sluggish performance for the Jan-July period, as the total number of passenger, air freight and aircraft movements came in flat year-on-year at 0.3 per cent, -0.5 per cent and -0.3 per cent, respectively.
SATS Ltd's growth outlook is positively correlated to the performance and outlook of Singapore's Changi Airport because SATS generates about 82 per cent of its total...