SATS - Recovery Underway But Lingering Cost Pressure
SATS 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
- Read this at SGinvestors.io -
- 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 @ https://www.iocbc.com/.
Chu Peng OCBC Investment Research | https://www.iocbc.com/ 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,
SATS News Articles
