0817 GMT - SATS's long-term growth trajectory seems more positive, says DBS Group Research as it lifts the stock's target price to S$4.40 from S$4.10. The in-flight caterer and ground handler's margin guidance of over 10% for FY 2029 may have disappointed some investors, analyst Jason Sum writes in a note. However, he reckons management's conservative approach to guidance leaves room for potential upside. The global air cargo market has returned to growth, and he expects the company's ground handling and in-flight catering businesses to benefit from the global rebound in air travel. DBS maintains a buy rating on the stock, which is last at S$3.78. (amanda.lee@wsj.com)
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