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Brokers' take

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...

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