- 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.