0633 GMT - SATS's fundamentals remain strong despite some near-term cost pressure, UOB Kay Hian analysts say in a note. Industry data shows global air cargo resumed growth in April, after a temporary decline in March on the Iran war, they note. The Singapore company is likely to continue gaining market share in global cargo handling, supported by its diversified international network. "While elevated energy prices may increase operating costs in the near-term, cost pressures should be passed through to customers over time," the analysts say. UOB KH maintains a buy rating on the stock with a target price of 4.75 Singapore dollars. Shares are up 1.8% at S$3.92. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
June 02, 2026 02:33 ET (06:33 GMT)
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