0812 GMT - SATS's margins are likely to get a boost from FY 2028 on sustained market-share gains in its air-cargo business and more efficient use of its food-production facilities, say CGS International analysts in a note. They expect the company will need to acquire complementary businesses to achieve its FY 2029 targets, including hitting S$8 billion in revenue and 20% Ebitda margin, they add. The analysts raise their FY 2027-FY 2028 earnings per share estimates by 0.9%-7.5% on better profitability, but cut their FY 2029 estimates by nearly 20% to factor in higher operational expenses and taxes. CGSI raises its target price to S$5.20 from S$4.68 and retains an add rating. Shares gain 3.35% to S$4.32. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 18, 2026 04:12 ET (08:12 GMT)
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