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Analysts stay positive on SATS despite termination of Turkish Airlines in-flight kitchen

Stanislaus Jude Chan
Stanislaus Jude Chan7/20/2018 05:52 PM GMT+08  • 3 min read
Analysts stay positive on SATS despite termination of Turkish Airlines in-flight kitchen
SINGAPORE (July 20): Analysts say an improved outlook for SATS on various levels outweigh any potential impact from the termination of its agreement with Turkish Airlines for the provision of in-flight catering services to airlines at the Istanbul New Air
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SINGAPORE (July 20): Analysts say an improved outlook for SATS on various levels outweigh any potential impact from the termination of its agreement with Turkish Airlines for the provision of in-flight catering services to airlines at the Istanbul New Airport.

“Following cessation of discussions with Turkish Airlines over the development of a flight kitchen in Turkey, we now raise our DPS going forward by 1 cent and 2 cents for FY19F and FY20F respectively,” says DBS Group Research’s lead analyst Alfie Yeo in a Friday report.

“We have not factored in development of Turkey into our [target price] and earnings and are hence neutral on the termination of the MOU,” he adds.

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