Stock Name: SATS
Company Name: SATS LTD.
Research House: OCBC
“While we anticipate near-term risks stemming from food price inflation, which may elevate operating costs, we believe that SATS’s pass-through cost structures should adequately relieve costs in the medium term,” said OCBC in a report.
Company Name: SATS LTD.
Research House: OCBC
OCBC Investment Research has raised its target price for Singapore airport services firm SATS (SATS.SI) to $3.06 from $2.87 and kept its buy rating.
OCBC raised its target for SATS after it reported strong quarterly results, with a revenue of $504.9 million that exceeded the brokerage’s expectations.
OCBC raised its target for SATS after it reported strong quarterly results, with a revenue of $504.9 million that exceeded the brokerage’s expectations.
“While we anticipate near-term risks stemming from food price inflation, which may elevate operating costs, we believe that SATS’s pass-through cost structures should adequately relieve costs in the medium term,” said OCBC in a report.
The brokerage noted that SATS’ management expects moderate growth from Singapore but remains cautious over its international operations, especially in Japan due to the effects from the earthquake.
At 9:38 a.m., shares of SATS were 0.38% higher at $2.67 and have fallen 7.3% since the start of the year.
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