Excerpt from CGS International report.

Report Summary

• SATS Ltd delivered a strong 9MFY3/26 performance with PATMI of S\$235m, up 14% YoY and in line with full-year estimates, thanks to resilient commercial growth and new contract wins, especially in cargo handling, which outpaced global benchmarks.
• The company is on track to achieve its FY29F financial targets, with robust revenue growth, improving margins, and continued expansion, despite some operational delays in India and Thailand. The report maintains an “Add” rating with a higher target price of S\$4.53, citing potential upside from supply chain disruptions, increased air cargo demand, and ongoing ESG initiatives.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com