SATS - Phillip Securities 2024-11-11: Volume & Prices Drive Earnings

• SATS's 1HFY25 revenue climbed 14.8% y-o-y to S$2.8bn which was in line with our estimates at 51% of our FY25e forecast. Revenue growth was driven by, air cargo volume increasing by 17.5% y-o-y, meals served rising 26.1% y-o-y in 1H25 and a series of contract repricings, including with key margin customer SIA (SGX:C6L).
• - Read this at SGinvestors.io -
• SATS declared interim dividend of 1.5 cents per share which implies payout ratio of 16.7%.
• - Read this at SGinvestors.io -

The Positives

Continues airline recovery tailwind.

• 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:
2025-02-26 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