SATS Could Post Strong Earnings Momentum in Next Two Quarters -- Market Talk

Dow Jones

2024-10-07

0258 GMT - SATS could post strong earnings momentum in the next two quarters, after a significant improvement in 1Q FY 2025, UOB Kay Hian analyst Roy Chen says in a note. The Singapore-listed airport services provider's earnings are likely to be supported by stronger seasonality and its contract renewal with major customer Singapore Airlines, Chen says. The impact of that is expected to be reflected in its 2Q FY 2025 results and onwards, he adds. UOB Kay Hian maintains a buy rating on the stock. Shares are last 0.5% lower at S$3.81.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 06, 2024 22:58 ET (02:58 GMT)

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