This remarkable turnaround can be attributed to two key factors. First, the global aviation industry is experiencing a significant rebound, leading to increased demand for SATS' services. Second, the company's recent acquisition of WFS, a cargo handling giant, has resulted in record revenue for SATS.
Looking towards the future, SATS is brimming with optimism. They've outlined a bold growth strategy with ambitious goals to achieve revenue exceeding S$8 billion by FY2028. This ambitious plan also includes a targeted return on equity of 15% and a market capitalization of S$10 billion after FY2028.
To achieve these lofty goals, SATS plans to strategically reinvest its capital. They aim to pay down existing debts, invest in infrastructure upgrades, and resume dividend payouts to their shareholders. CEO Kerry Mok expressed confidence in the company's future, stating that SATS is "in the right spot" to capitalize on the ongoing recovery of the aviation industry.
This positive outlook is further bolstered by their commitment to reinvestment. By strategically utilizing their resources, SATS is well-positioned for continued growth and success in the years to come. Analysts are also bullish on SATS' future, with many upgrading their target price for the company in light of their impressive financial performance and ambitious growth plans. @TigerEvents @MillionaireTiger @TigerClub @Tiger_comments @TigerStars
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