SATS gets a lift from Qantas' return and new contracts

SINGAPORE (Sept 13): UOB Kay Hian is maintaining its “buy” call on SATS with a target price of $5.40 as Changi International manages to win back Qantas.

Australia’s flagship carrier announced that from next March, it will shift its transit hub from Dubai to Singapore for its kangaroo routes, with the Sydney-London services transiting out of Singapore.