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)

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

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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 ?

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