0614 GMT - SATS's multiple growth drivers are likely becoming more visible, Maybank Research analysts say in a research report. The company is diversifying beyond traditional in-flight catering into ready-to-eat and fresh frozen meals, supported by demand for convenient food, the analysts say. Its Thai central kitchen slated to start operations in October will centralize frozen-meal production and improve utilization across the group's regional kitchen network. Maybank Research lifts its FY 2026 and FY 2027 earnings forecasts for SATS by 2.5% and 9.7%, respectively. It raises the stock's target price to 5.09 Singapore dollars from S$4.52 with unchanged buy rating. Shares are 1.8% lower at S$4.45. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 01, 2026 02:14 ET (06:14 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.