Stock Name: SATS
Company Name: SATS LTD.
Phillip Securities Research in a May 15 research report says: "SATS announced a 10.7% decline in net income for the year, mainly due to the lack of contributions from Daniels Group that was divested in the year. After adjusting for the effects of one off items, underlying profits from continuing operations declined by 4.3%. "EBITDA margin declined by 2.3ppt as a result of slight margin compression at its core business in Singapore and lower profitability at TFK Corp SATS announced special dividend of 15.0cents and final dividend of 6.0cents, taking full year payout to 26.0 cents per share. "We revised our target price to $2.80 as we roll forward our valuation basis and account for the special dividend payout. At the current price, SATS offers a yield of >10% over the next 12 months. MAINTAIN BUY."
Company Name: SATS LTD.
| Research House: Phillip Securities | Price Call: BUY | Target Price: 2.80 |
Phillip Securities Research in a May 15 research report says: "SATS announced a 10.7% decline in net income for the year, mainly due to the lack of contributions from Daniels Group that was divested in the year. After adjusting for the effects of one off items, underlying profits from continuing operations declined by 4.3%. "EBITDA margin declined by 2.3ppt as a result of slight margin compression at its core business in Singapore and lower profitability at TFK Corp SATS announced special dividend of 15.0cents and final dividend of 6.0cents, taking full year payout to 26.0 cents per share. "We revised our target price to $2.80 as we roll forward our valuation basis and account for the special dividend payout. At the current price, SATS offers a yield of >10% over the next 12 months. MAINTAIN BUY."
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