- SATS (SGX:S58)'s 3QFY25 core PATMI of S$70.4mil was slightly below expectations primarily due to a ~S$7.3mil performance bonus provision, reflecting the group’s outperformance against internal targets. Excluding this charge, earnings would have been largely in line with forecasts.
- - Read this at SGinvestors.io -
- Excluding the bonus provision, 3QFY25 group EBIT margin would have been 9.2%, though SATS booked a S$5.1mil FX gain in the quarter, partially boosting its performance.
Healthy cargo and aviation food volume growth, alongside pricing gains in the food division.
- - Read this at SGinvestors.io -
- Implied ASP: +0.8% y-o-y.
- Meals produced: -5.8% y-o-y, largely due to the closure of its Kunshan facility.
- Implied ASP: +27.2% y-o-y, driven by a positive revenue mix.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Jason SUM CFA DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-02-24
Previous report by DBS:
2024-11-11 SATS - Reaching New Heights With Achievable Ambitious.
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
