Kim Eng Research in a Jan 5 research report says: “Tung Lok announced that they will operate and provide food & beverage services to 2 staff cafeterias at Resorts World Sentosa. However, we expect negligible impact on SATS as (1) we have not included potential contributions in our forecasts and (2) even if they had won it, we estimate the earnings impact to have been less than 1% of FY2010 forecast, assuming a staff strength of 10,000.
Singapore Airport Terminal Services rated buy
written by Editor on January 6th, 2010 |
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