SATS's Earnings Set to Gain From Strength in Global Air Cargo Volumes -- Market Talk

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SATS's Earnings Set to Gain From Strength in Global Air Cargo Volumes -- Market Talk

Dow Jones06-05

0135 GMT - SATS Ltd.'s earnings stand to gain from strength in global air cargo volumes, DBS Group Research analyst Jason Sum says in a research report. DBS raises its target price for the stock to S$3.60 from S$3.40 with an unchanged buy rating. The Singapore company's ground handling and in-flight catering businesses should benefit from the global rebound in air travel, the analyst says. SATS's non-travel-related food business should also post healthier growth, supported by its expanding product portfolio and customer base, and increased production capacity and footprint, the analyst adds. DBS forecasts SATS's core EPS to reach 19.2 Singapore cents in FY 2026. Shares are unchanged at S$2.90. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 04, 2024 21:35 ET (01:35 GMT)

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DBS raises its target price for the stock to S$...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SATS","symbol_name":"回声星通信","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2441296304","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441296304","pubTimestamp":1717551300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0135 GMT - SATS Ltd.'s earnings stand to gain from strength in global air cargo volumes, DBS Group Research analyst Jason Sum says in a research report. 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