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SATS' long-term prospects stay intact on Turkey flight kitchen and Changi T5 but buy on dips

PC Lee
PC Lee2/14/2018 04:21 PM GMT+08  • 3 min read
SATS' long-term prospects stay intact on Turkey flight kitchen and Changi T5 but buy on dips
SINGAPORE (Feb 14): DBS is maintaining its "hold" on SATS, advising investors wait for a share price correction to buy while CIMB is maintaining its "buy" given it remains positive on its long-term prospects.
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SINGAPORE (Feb 14): DBS is maintaining its "hold" on SATS, advising investors wait for a share price correction to buy while CIMB is maintaining its "buy" given it remains positive on its long-term prospects.

These include passenger and air traffic growth at Changi Terminal 4; automation and staff productivity driving modest cost increase and better margins in the next few years; the development of a flight kitchen in Turkey; and the opening of Terminal 5, says DBS lead analyst Alfie Yeo in a Wednesday report.

While the structure of SATS’ partnership with Turkish Airlines has yet to be finalised, Istanbul New Airport, when fully completed, is expected to be the largest airport in the world, serving up to 150 million passengers a year.

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