OCBC downgrades SATS to 'hold' on rally, potential price pressure

Singapore

OCBC Investment Research has downgraded SATS to "hold" from "buy", citing the stock's recent climb and uncertainty about potential pricing pressure.

But OCBC analysts Eugene Chua and Low Pei Han also raised their fair-value for the stock to S$5.50 on the back of a positive longer-term outlook for the ground-handling and in-flight catering services company.