Its overseas assocaites aren't doing quite as well.
The airline services provider has been soaring quite well in the current turbulent stratosphere of the economy, recently registering a 6.5% top-line growth--a feat in itself.
However, according to analysts from UOB Kay Hian, it is both impressed by the organic top-line growth and cost savings of the company, but disappointed with the weakness at its overseas associates.
Meanwhile, UOB Kay Hian remains hopeful of the long term growth potential from recently announced JVs.
“SATS highlighted plans to expand beyond non-aviation catering and specifically mentioned expansion plans in Japan. We reckon it could introduce halal catering to TFK and this could be significant if Japan manages to court the Middle Eastern carriers,” UOB Kay Hian said.
Do you know more about this story? Contact us anonymously through this link.