SATS Ltd. Could Be Hurt by Rising Costs -- Market Talk

Dow Jones2022-07-26

0426 GMT - SATS Ltd. may be hurt by rising operational costs, says CGS-CIMB analysts Tay Wee Kuang and Lim Siew Khee in a note. Staff costs may continue to rise, mainly due to the need to hire more as travel demand picks up. However, SATS's revenue has shown signs of recovery on higher demand for in-flight meals, the analysts say. Demand for the airline caterer's in-flight meals have returned to 52% of pre-Covid levels in 1Q FY 2023, and are expected to reach 83% by the end of the fiscal year, CGS-CIMB adds. The brokerage cuts the stock's target price to S$4.47 from S$4.88 while keeping an add rating. Shares are down 0.5% at S$3.92. (yiwei.wong@wsj.com)

$(END)$ Dow Jones Newswires

July 26, 2022 00:26 ET (04:26 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

HUATBIG
2022-08-16
HUATBIG
Like
- rogerl:
  ok
Hit n Run
2022-08-01
Hit n Run
tell me which industry not hurt by rising cost ?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2254894885?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-26 12:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2254894885","market":"us","top_or_hot":-1,"title":"SATS Ltd. Could Be Hurt by Rising Costs -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0426 GMT - SATS Ltd. may be hurt by rising operational costs, says CGS-CIMB analysts Tay Wee Kuang and Lim Siew Khee in a note. Staff costs may continue to rise, mainly due to the need to hire more as travel demand picks up. However, SATS's revenue has shown signs of recovery on higher demand for in-flight meals, the analysts say. Demand for the airline caterer's in-flight meals have returned to 52% of pre-Covid levels in 1Q FY 2023, and are expected to reach 83% by the end of the fiscal year, CGS-CIMB adds. The brokerage cuts the stock's target price to S$4.47 from S$4.88 while keeping an add rating. Shares are down 0.5% at S$3.92. (yiwei.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 26, 2022 00:26 ET (04:26 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 Ltd. Could Be Hurt by Rising Costs -- 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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSATS Ltd. Could Be Hurt by Rising Costs -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-26 12:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0426 GMT - SATS Ltd. may be hurt by rising operational costs, says CGS-CIMB analysts Tay Wee Kuang and Lim Siew Khee in a note. Staff costs may continue to rise, mainly due to the need to hire more as...</p>\n\n<a href=\"http://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":"S58.SI","symbol_name":"新翔集团有限公司","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2254894885","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2254894885","pubTimestamp":1658809560,"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":"0426 GMT - SATS Ltd. may be hurt by rising operational costs, says CGS-CIMB analysts Tay Wee Kuang a","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"S58.SI":"新翔集团有限公司","BK4089":"非传统电信运营商","SATS":"回声星通信"},"translate_title":"SATS公司可能因成本上升而受到伤害--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SATS":1,"S58.SI":0.9},"content_text":"0426 GMT - SATS Ltd. may be hurt by rising operational costs, says CGS-CIMB analysts Tay Wee Kuang and Lim Siew Khee in a note. Staff costs may continue to rise, mainly due to the need to hire more as travel demand picks up. However, SATS's revenue has shown signs of recovery on higher demand for in-flight meals, the analysts say. Demand for the airline caterer's in-flight meals have returned to 52% of pre-Covid levels in 1Q FY 2023, and are expected to reach 83% by the end of the fiscal year, CGS-CIMB adds. The brokerage cuts the stock's target price to S$4.47 from S$4.88 while keeping an add rating. Shares are down 0.5% at S$3.92. (yiwei.wong@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  July 26, 2022 00:26 ET (04:26 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9993341757,"gmtCreate":1660633646282,"gmtModify":1676536369552,"author":{"id":"3575885376205492","authorId":"3575885376205492","authorIdStr":"3575885376205492","name":"HUATBIG","avatar":"https://static.tigerbbs.com/8397eb8f39c2aeb8068cd1e778d5c453","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575885376205492"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9993341757","repostId":2254894885,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104027079,"gmtCreate":1663748169080,"gmtModify":1663748172513,"authorId":3572005079747641,"author":{"id":3572005079747641,"authorId":3572005079747641,"name":"rogerl","avatar":"https://static.tigerbbs.com/70a75678cb06207361b08aa8e42a9ecd","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9993341757,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":9908314223,"gmtCreate":1659320111962,"gmtModify":1676536286757,"author":{"id":"4098850726603110","authorId":"4098850726603110","authorIdStr":"4098850726603110","name":"Hit n Run","avatar":"https://community-static.tradeup.com/news/d949bd31febd4762325005c1c0d2d536","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"idStr":"4098850726603110"},"htmlText":"tell me&nbsp;which industry not hurt by rising cost ?","listText":"tell me&nbsp;which industry not hurt by rising cost ?","text":"tell me which industry not hurt by rising cost ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908314223","repostId":2254894885,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2254894885"}