SATS upgraded by OCBC on valuation grounds

SINGAPORE (Oct 2): OCBC Research is upgrading its call on SATS to “buy” from “hold” on valuation grounds, with an unchanged fair value of $5.05.

In a Monday report, lead analyst Eugene Chua says he believes the group’s recent share price weakness, after having fallen about 3% over the past two weeks, presents an opportunity for investors to accumulate with a decent FY18F yield of about 3.9 – especially after witnessing yet another month of strong traffic growth as reported by Changi Airport for Aug 17.

SATS gets a lift from Qantas' return and new contracts

SINGAPORE (Sept 13): UOB Kay Hian is maintaining its “buy” call on SATS with a target price of $5.40 as Changi International manages to win back Qantas.

Australia’s flagship carrier announced that from next March, it will shift its transit hub from Dubai to Singapore for its kangaroo routes, with the Sydney-London services transiting out of Singapore.

Qantas reroutes Sydney-London A380 flights via Singapore to meet strong Asia demand

SINGAPORE (Aug 31): As part of its agreement to extend its partnership with Emirates for another five years, Qantas Airways has announced that it will now provide three stopover options to Europe via Dubai, Perth and Singapore via its joint network.

In a filing to the Australian Exchange (ASX) on Thursday, the national flag carrier says it will reroute its daily Sydney-London A380 service via Singapore, rather than Dubai, and upgrade its existing Melbourne-Singapore flight from an A330 to an A380.

Danger Down Under: Yields drop with iron to fuel recession talk

SYDNEY/TOKYO (June 2): Whether or not the land Down Under snaps its two-decade-long streak without a recession, a glance at the charts shows this past week has been a "septima horribilis" (to purloin and tweak from Queen Elizabeth II) for the world's 13th-largest economy. Iron ore is declining again amid worrying signs that China is wobbling, businesses are reluctant to borrow as they plan on cutting investment to a decade low.  An unexpected rebound in retail sales and soaring stock prices for Qantas were rare bright spots.

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