Staff Reporter
,
Singapore
Passenger growth moderating, airfreight volume declining.
According to DBS, the latest 1QFY14 earnings for SATS Ltd were in line with the research firm's FY14F profit, similar to the year-ago quarter.
But it cautioned that "there is little scope for share price upside in view of moderating passenger traffic growth and declining airfreight volume."
"However, this should be mitigated by its commitment to manage costs, as well as relatively attractive yields," it added.
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