SCS [BUY +34.5%] - H2 2023 volume turnaround led by new client acquisition

- We maintain our BUY rating for SCS despite cutting our target price (TP) by 8% due to weaker-than-expected international trade activity. - For 2023-2025, we cut our aggregate NPAT-MI forecast by 6% because of an 8% reduction in our cargo throughput proj