SATS Gets Downgraded on Prospects of Mounting Cost Pressures -- Market Talk

Dow Jones2022-06-01

0750 GMT - SATS's FY 2023 earnings may be weighed down by cost pressures, DBS Research analyst Jason Sum says in a research report as he downgrades the stock to hold from buy and cuts the target to S$4.50 from S$4.90. The Singapore-listed food and gateway services provider's costs are likely to rise faster than its revenue over the next few quarters owing to multiple headwinds such as front-loaded employee headcount additions and wage inflation, the analyst says. With SATS's stock valuation mostly aligned with fundamentals at this juncture, Sum recommends accumulating the stock on dips or shifting to other reopening plays that are better-placed to deal with rising inflation. Shares are 2.7% lower at S$4.26. (ronnie.harui@wsj.com)

$(END)$ Dow Jones Newswires

June 01, 2022 03:50 ET (07:50 GMT)

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DTnisiel
2022-06-14
DTnisiel
Ok

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With SATS's stock valuation mostly aligned with fundamentals at this juncture, Sum recommends accumulating the stock on dips or shifting to other reopening plays that are better-placed to deal with rising inflation. Shares are 2.7% lower at S$4.26. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 01, 2022 03:50 ET (07:50 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SATS Gets Downgraded on Prospects of Mounting Cost Pressures -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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