SATS Share Price Likely Has Limited Downside

Dow Jones11-14 17:11

SATS's current share price likely has limited downside, due to its proactive share buybacks, UOB Kay Hian analyst Roy Chen writes in a note. The in-flight caterer and ground handler looks poised for a strong 3Q FY 2025 after its 1H core performance beat expectations, he says. SATS expects the positive momentum to continue, as travel and cargo demand reaches its seasonal year-end peak, Chen says. The brokerage raises its FY 2025 core earnings estimates for SATS by 2% to S$277 million to reflect the 1H FY 2025 results beat. UOB KH also increases the stock's target price to S$4.30 from S$4.00, and maintains a buy rating. Shares last at S$3.73.(amanda.lee@wsj.com)

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The in-flight caterer and ground handler looks poised for a...</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":"LU0572940350.SGD","symbol_name":"Janus Henderson Horizon Asian Dividend Income A3 SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483509078","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483509078","pubTimestamp":1731575504,"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":"0207 GMT - SATS's current share price likely has limited downside, due to its proactive share buybacks, UOB Kay Hian analyst Roy Chen writes in a note. 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The in-flight caterer and ground handler looks poised for a strong 3Q FY 2025 after its 1H core performance beat expectations, he says. SATS expects the positive momentum to continue, as travel and cargo demand reaches its seasonal year-end peak, Chen says. The brokerage raises its FY 2025 core earnings estimates for SATS by 2% to S$277 million to reflect the 1H FY 2025 results beat. UOB KH also increases the stock's target price to S$4.30 from S$4.00, and maintains a buy rating. 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