0304 GMT - SATS's earnings visibility is likely to improve this year, supported by a brighter outlook for air-cargo and passenger volumes, DBS Group Research's Jason Sum says in a note. Global air-cargo volumes are expected to grow at a low-single-digit percentage pace in 2026, he says, supporting his forecast of a high-single-digit increase in SATS's tonnage, driven by market-share gains. Sum sees scope for sustained margin improvement from better asset utilization and operating leverage as volumes scale across the Singapore air-cargo handler's business lines. DBS raises its FY 2027-FY 2028 earnings estimates by 5%-6% to reflect a more constructive air-cargo outlook. The bank lifts its target price to S$4.40 from S$4.00 and maintains its buy rating. Shares fall 0.3% to S$3.80. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 22:04 ET (03:04 GMT)
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