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 revenue locally. However, we believe SATS will continue its operational improvements driven by …
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