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SATS downgraded to 'hold' despite positive longer-term outlook

Stanislaus Jude Chan
Stanislaus Jude Chan1/16/2018 01:31 PM GMT+08  • 2 min read
SATS downgraded to 'hold' despite positive longer-term outlook
SINGAPORE (Jan 16): OCBC Investment Research says it remains positive about the longer-term outlook for airport gateway services provider SATS on the back of its diversification strategy.
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SINGAPORE (Jan 16): OCBC Investment Research says it remains positive about the longer-term outlook for airport gateway services provider SATS on the back of its diversification strategy.

“Over the longer-term, we remain positive over SATS’ outlook driven by its strategy to diversify out of Singapore as well as into non-aviation business segments, through several overseas partnerships,” says OCBC lead analyst Eugene Chua in a report on Tuesday.

These include partnerships with AirAsia which opens up opportunities for SATS in Indonesia, Philippines and Thailand, as well as with Wilmar to supply quality and safe food in China.

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