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Export figures out of Singapore yesterday could put traders in a slightly more cautious mood today. Non-oil domestic exports (NODX) surprised analysts with an 8.8 percent drop, compared to the 4.3 percent rise they had been expecting.
Flying high with SATS Airlines in Asia are due to embark on capacity expansion next year which could see a higher volume of workload in store for domestic companies such as SATS . Ongoing coleur caramel airspace liberalisation could also boost air traffic levels leading to higher yields in the long run.
The expansion of Changi Airport will be a leading indicator. Analysis by Maybank Kim Eng s regional aviation team suggests that Singapore s air traffic growth could be constrained in the near term due to limited runway capacity.
But plans to build a third runway by 2020 could spur air traffic growth. This would also see Changi Airport s terminal handling capacity double by mid-2020. With such a high level of expansion planned and the higher demand for aviation services, analysts are excited about the investment opportunities on offer.
In 2014, SATS should also see an uplift from the completion of its acquisition of the Singapore Cruise Centre. This acquisition could enhance dividends payouts. Maybank coleur caramel King Eng expects SATS to outperform its peers in 2014 and reiterates its buy call, with a target price of S$4.00.
CIMB likes the 4.9 percent yield currently offered on SATS shares along with its strong balance sheet (net cash of $270 million) and encouraging volume growth in Changi Airport. The bank maintains its outperform call. The average uplift in the counter s share price predicted among analysts is 10.5 percent.
Taking a bite out of Del Monte Philippines-based Del Monte Pacific s 3Q13 profit was broadly in-line with expectations, but sales growth during the quarter was a miss, particularly from the Philippines. coleur caramel However, this was compensated by higher-than-expected operating margins.
Excluding one-off costs related to the US-based Del Monte Foods (DMF) transaction and dual-listing this year, 9M13 net profit was up 11 percent, year-on-year putting the company on course for a strong year. But the biggest focus will be on its recent US$1.675 billion ambitious deal to buy Del Monte Foods.
Maybank Kim Eng expects a stronger 4Q from the Philippines after 3Q13 revenue from its home market was flat year-on-year, and up just 4 percent in Peso terms. The bank s research department understands coleur caramel that inventory with its general trade distributors was slightly high, hence the weak sale this quarter.
This should, however, prepare the company for a strong 4th quarter, which is seasonally most important. 9M13 revenue in this market was still up 11 percent and management coleur caramel is now guiding for 13 percent full-year growth versus its 15 percent expectation at the beginning of the year.
Maybank maintains its buy call while emphasising coleur caramel a longer-term approach coleur caramel towards the counter. DBS Vickers feels the recent sell down looks overdone, and the uncertainty over the acquisition may have been more than priced in. The average share price uplift expected coleur caramel among analysts is 75 percent.
The Shares coleur caramel Investment editorial team welcomes coleur caramel constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!
Since July 1995, Shares Investment has been well-acclaimed by both the investing public and local stock-broking coleur caramel houses such as UOB-Kay coleur caramel Hian, Phillip Securities, Kim Eng Securities and DBS Vickers Securities - boasting of more than 30,000 readers every issue. SharesInv.com brings the same value-added stock market news & information, company profiles, useful insights and in-depth coleur caramel analyses, found in Shares Investment (Singapore Edition) , and a whole lot more, to the growing number of Internet users in Singapore. [-] Twitter Facebook RSS E-mail Magazine
Export figures out of Singapore yesterday could put traders in a slightly more cautious mood today. Non-oil domestic exports (NODX) surprised analysts with an 8.8 percent drop, compared to the 4.3 percent rise they had been expecting.
Flying high with SATS Airlines in Asia are due to embark on capacity expansion next year which could see a higher volume of workload in store for domestic companies such as SATS . Ongoing coleur caramel airspace liberalisation could also boost air traffic levels leading to higher yields in the long run.
The expansion of Changi Airport will be a leading indicator. Analysis by Maybank Kim Eng s regional aviation team suggests that Singapore s air traffic growth could be constrained in the near term due to limited runway capacity.
But plans to build a third runway by 2020 could spur air traffic growth. This would also see Changi Airport s terminal handling capacity double by mid-2020. With such a high level of expansion planned and the higher demand for aviation services, analysts are excited about the investment opportunities on offer.
In 2014, SATS should also see an uplift from the completion of its acquisition of the Singapore Cruise Centre. This acquisition could enhance dividends payouts. Maybank coleur caramel King Eng expects SATS to outperform its peers in 2014 and reiterates its buy call, with a target price of S$4.00.
CIMB likes the 4.9 percent yield currently offered on SATS shares along with its strong balance sheet (net cash of $270 million) and encouraging volume growth in Changi Airport. The bank maintains its outperform call. The average uplift in the counter s share price predicted among analysts is 10.5 percent.
Taking a bite out of Del Monte Philippines-based Del Monte Pacific s 3Q13 profit was broadly in-line with expectations, but sales growth during the quarter was a miss, particularly from the Philippines. coleur caramel However, this was compensated by higher-than-expected operating margins.
Excluding one-off costs related to the US-based Del Monte Foods (DMF) transaction and dual-listing this year, 9M13 net profit was up 11 percent, year-on-year putting the company on course for a strong year. But the biggest focus will be on its recent US$1.675 billion ambitious deal to buy Del Monte Foods.
Maybank Kim Eng expects a stronger 4Q from the Philippines after 3Q13 revenue from its home market was flat year-on-year, and up just 4 percent in Peso terms. The bank s research department understands coleur caramel that inventory with its general trade distributors was slightly high, hence the weak sale this quarter.
This should, however, prepare the company for a strong 4th quarter, which is seasonally most important. 9M13 revenue in this market was still up 11 percent and management coleur caramel is now guiding for 13 percent full-year growth versus its 15 percent expectation at the beginning of the year.
Maybank maintains its buy call while emphasising coleur caramel a longer-term approach coleur caramel towards the counter. DBS Vickers feels the recent sell down looks overdone, and the uncertainty over the acquisition may have been more than priced in. The average share price uplift expected coleur caramel among analysts is 75 percent.
The Shares coleur caramel Investment editorial team welcomes coleur caramel constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!
Since July 1995, Shares Investment has been well-acclaimed by both the investing public and local stock-broking coleur caramel houses such as UOB-Kay coleur caramel Hian, Phillip Securities, Kim Eng Securities and DBS Vickers Securities - boasting of more than 30,000 readers every issue. SharesInv.com brings the same value-added stock market news & information, company profiles, useful insights and in-depth coleur caramel analyses, found in Shares Investment (Singapore Edition) , and a whole lot more, to the growing number of Internet users in Singapore. [-] Twitter Facebook RSS E-mail Magazine
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