SATS - Add A Little Bit Of Twyst
- We attended the soft launch of Twyst, a new F&B concept by SATS (SGX:S58)’s food solutions ventures arm that explores growth opportunities for the segment.
- Twyst features SATS’s food solutions brands and products, while partnering with corporates and brands such as SMRT and Tiong Hoe Specialty Coffee.
- Small step towards bigger ambitions. Success will be a nudge towards growing business to SATS’s target revenue of S$3bn by FY25, and could pave the way for scaling of future ventures.
- We maintain our HOLD call on SATS with DCF-based target price of S$4.32.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LIM Siew Khee CGS-CIMB Research | TAY Wee Kuang CGS-CIMB Research | https://www.cgs-cimb.com 2021-12-11 2021-12-11
Read also CGS-CIMB's most recent report:
2023-01-14 SATS - Peek Into Pro-Forma WFS Numbers Ahead.
Previous report by CGS-CIMB:
2022-12-02 SATS - Finalisation Of Funding Structure For WFS Acquisition.