SATS - Phillip Securities 2024-09-06: Across The Board Tailwind

• We expect that SATS will continue to outperform the industry average growth rate in FY25, with volume expected to increase by ~15% y-o-y. Upgrade to SATS BUY with a higher DCF-based SATS's target price of S$4.37 (previously: S$3.45).
• - Read this at SGinvestors.io -
• An additional S$6mil to S$9mil in revenue expected for SATS from the new cargo handling fee for inbound air cargo into Singapore, effective August 2024. Expect repricing to have direct benefit to earnings.
• - Read this at SGinvestors.io -

Revenue drivers

1) Contracts repricing and increasing cargo volume.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-05-26 SATS - Fading E-commerce Tailwinds From China To The US.

Previous report by Phillip:
2025-02-26 SATS - Minimal FY25e Financial Impact From De Minimis Removal.

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 Dividend Payout Dates & Corporate Actions,
SATS News