SINGAPORE AIRPORT TERMINAL SERVICES RATED BUY

Thursday, November 26, 2009, 5:45
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OCBC Investment Research in a Nov 25 investigate inform says: “We conceive that SATS, having the maximal airfield services meshwork in Asia, is well-positioned to mate the travel mart recovery. We are initiating news on SATS with a acquire judgement and $3.29 clean value, supported on DCF (FCFE) appraisal model. Our clean continuance judge implies a appraisal of 19.4x FY10F EPS and 17.7x FY11F EPS.

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