SATS Likely to Withstand Near-Term Volatility From Mideast Conflict -- Market Talk

Dow Jones04-06 15:40

0740 GMT - SATS is likely to shake off near-term volatility from the Middle East conflict, CGS International analysts say in a note. Earnings should be supported by its extensive cargo network, as it stands to benefit from trade re-routing demand. The Singapore-based aviation services provider's ground-handling business is also expected to gain from higher travel demand, as travelers shift from Asia-Europe routes via the Middle East to intra-Asia travel. CGS International maintains its add rating on the stock and target price of S$4.53. Shares are last 0.8% lower at S$3.55.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

April 06, 2026 03:40 ET (07:40 GMT)

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