SATS is likely to post strong earnings for 3Q FY 2025, after significant core earnings improvement in 2Q, UOB Kay Hian analyst Roy Chen writes in a note.
The in-flight caterer and ground handler's earnings may have been supported by strong global air cargo volume amid the seasonally strong October-December quarter, he says.
The brokerage expects SATS's 3Q core earnings at over S$90 million, without factoring in possible forex translation gain of up to S$20 million.
UOB KH maintains the stock's buy rating and target price of S$4.30.
Shares are 0.3% higher at S$3.69.
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