- 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 the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Liu Miao Miao Phillip Securities Research | https://www.stocksbnb.com/ 2024-09-05
Previous report by Phillip:
2024-08-21 SATS - Aviation Recovery Continues.
Price targets by 2 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
