THE new man at the helm of Changi Airport's biggest ground-handling company has one aim in mind - to boost the value of his company's shares. Mr Clement Woon, who joined Singapore Airport Terminal Services (Sats) 10 months ago as chief executive and president, is convinced that at $1.45 a share, it is 'grossly undervalued'..

He said one reason for the undervaluation could be a lack of information among investors and analysts on the Singapore Airlines (SIA) unit's prospects.To address this, Sats yesterday held what it called a 'Capital Markets Day' to meet industry players and analysts.

Among other issues, the SIA subsidiary sought to clear up what it believes is a common misconception: that as most of its business is in aviation, any trouble for airlines such as high oil prices and weaker air traffic would hit Sats just as hard.

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