SG Movers | SATS Jumps Nearly 7% as It Likely to Continue Posting Earnings Growth
Dow Jones
May 28
SATS is likely to deliver consistent double-digit earnings growth through fiscal year 2028, Nomura research analysts write in a note. Earnings will likely be supported by recently secured contract wins and capacity expansion across Europe, Americas and Asia, as well as margin expansion as economics of scale improves, they say.
Shares of SATS rose 6.74% on Thursday.
SATS' management maintained a constructive outlook for the current fiscal year, supported by resilient cargo demand, continued growth in specialized handling services and ongoing investments into network expansion and logistics capabilities, they add. Nomura reiterates a buy rating with a target price of S$4.57.
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