SATS "outperform" call by CIMB-GK

Singapore Airport Terminal Services (SATS) may edge up after CIMB-GK Research raised its rating on the stock to "outperform" from "neutral" in view of the potential strength of contributions to the company's earnings by its investments overseas. "While Singapore operations are set to be flat, earnings growth will be contributed [to] by existing joint ventures gaining traction in high-growth areas for air travel like China and India," CIMB-GK said in a note. SATS ended yesterday's session up 0.01 sgd at 2.11.