SATS - OCBC Investment 2023-02-14: Recovery Underway But Lingering Cost Pressure

SATS - Recovery Underway But Lingering Cost Pressure

SATS LTD. (SGX:S58) | SGinvestors.ioSATS LTD. (SGX:S58)
  • SATS's net income improved to a profit of S$0.5m in 3QFY23.
  • Acquisition of WFS is expected to complete by Mar/Apr 2023.
  • Sequential recovery in flights/passenger handled and meals served.

Positive PATMI of S$0.5m in 3QFY23 on the back of continued aviation recovery

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  • Operating income was in a loss though it narrowed from a loss of S$8m in 2QFY23 to a loss of S$1.1m in 3QFY23, largely driven by higher staff costs due to lower job support grants and other operating costs in line with increased business activities.
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Business activities continued to improve

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Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @

Chu Peng OCBC Investment Research | 2023-02-14

Previous report by OCBC:
2022-11-11 SATS - PATMI Loss Narrowed In 2QFY23.

Price targets by 3 other brokers at SATS Target Prices.
Listing of research reports at SATS Analyst Reports.

Relevant links:
SATS Share Price History,
SATS Announcements,
SATS Dividends & Corporate Actions,
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