Time to play the waiting game on SATS

SINGAPORE (Aug 30): OCBC Investment Research is keeping its “hold” call on SATS and raising its fair value to $4.70 from $4.20 previously, based on the group’s current lofty valuations.   

(See SATS kept at ‘hold’ by OCBC with $4.20 fair value estimate)

The airport ground handling and airline catering services provider last week announced it was awarded a tender to build and operate a cargo terminal within Saudi Arabia’s new cargo village in Dammam. The deal makes SATS the second cargo terminal operator at King Fahd International Airport (KFIA).

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