Category: Market Updates

Yangzijiang Shipbuilding (YZJSB) Stock Analysis: Full Yard Till 2028, Order Outlook, and TP – May 2025

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May 26, 2025

CGS International May 23, 2025 Yangzijiang Shipbuilding: Full Yard Through 2028 Signals Strength Amidst Tariff Uncertainty Yangzijiang Shipbuilding (YZJSB) faces a mixed outlook as it navigates trade tensions and potential shifts in order placement...

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Market UpdatesSingapore SGX stocks

Singapore Retail Research: Hong Leong Asia Ltd Uptrend & Yangzijiang Shipbuilding Outlook (May 2025)

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May 26, 2025

CGS International Retail Research May 26, 2025 Trendspotter: Crypto Resilience Amidst Market Turmoil & Hong Leong Asia’s Steady Uptrend Idea of the Day: Hong Leong Asia Ltd – Uptrend Intact and Steady Hong Leong...

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Market UpdatesSingapore SGX stocks

BRC Asia (BRC SP) Analysis: Hold Rating Maintained with Increased Target Price – May 2025 1

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May 26, 2025

UOB Kay Hian Monday, 26 May 2025 BRC Asia (BRC SP): Navigating Growth Amidst Construction Boom Investment Thesis: Hold Rating Maintained Recommendation: HOLD (Maintained) ] Share Price: S\$3.13 ] Target Price: S\$3.29 (Previous TP...

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Market UpdatesSingapore SGX stocks

text Download Copy code 1Okay, here’s an attempt to create an SEO title and answer potential user questions based on the provided document: 2 3SEO title: 4SEO title: SATS Ltd (SATS SP): Embedded Resilience & FY26F Outlook – CGS International Analysis 5 6Analysis based on the document: 7 8Based on the document provided, here’s a summary of key points and potential user questions with answers: 9 10Key Points: 11 12* Company: SATS Ltd (SATS SP) 13* Recommendation: Reiterate Add 14* Analyst: TAY Wee Kuang and LIM Siew Khee, CGS International 15* Key Themes: Embedded resilience, cargo market share gains, FY26F outlook 16* Target Price: S\$3.60 17* ESG: Rated B- by LSEG 18 19Potential User Questions & Answers: 20 21Q: What is the overall recommendation for SATS Ltd? 22A: CGS International reiterates an “Add” recommendation for SATS Ltd. [[1]] 23 24Q: What is the target price for SATS Ltd, and who set it? 25A: The target price is S\$3.60, set by CGS International. [[1]] 26 27Q: What is the basis for the target price? 28A: The target price is DCF-based (Discounted Cash Flow), with a WACC of 12.2%. [[1]] 29 30Q: What are the key factors driving the “Add” recommendation? 31A: The key factor is SATS’s growing market share in cargo handling, which is expected to support earnings growth in FY26F, even with potential global cargo demand weakness. [[1]] 32 33Q: What is SATS’s ESG rating? 34A: SATS has an ESG combined score of B- by LSEG. [[1, 5]] 35 36Q: What were SATS’s 4QFY3/25 financial results? 37A: SATS reported a 4QFY3/25 net profit of S\$38.7m (+18.3% yoy). Revenue was S\$1.48bn (+10.4% yoy). [[1]] 38 39Q: What are the potential risks to SATS’s performance? 40A: Downside risks include margin compression from weaker operating leverage due to softening cargo volumes and a decline in the aviation travel industry due to an economic downturn. [[1]] 41 42Q: What is the dividend payout? 43A: SATS declared a final DPS of 3.5 Scts, bringing FY25 total DPS to 5.0 Scts, representing a payout ratio of 30.6%. [[1]] 44 45Q: What is the earnings growth outlook? 46A: The report anticipates a 3-year earnings CAGR of 15.0%. [[1]] 47 48Q: Has the analyst revised earnings estimates? 49A: Yes, FY26F-27F EPS estimates have been increased by 7.9-8.5%. FY28F estimates are introduced. [[1]] 50 51Q: What are the catalysts for a potential re-rating? 52A: Potential re-rating catalysts include an expanded footprint for cargo operations supporting new contract wins and a faster step-up in utilization of its new central kitchens across China and India. [[1]] 53 54Q: What is SATS’s market capitalization? 55A: The market cap is US\$3,444m / S\$4,428m. [[1]] 56 57Q: Who are the major shareholders of SATS? 58A: Temasek Holdings is a major shareholder, holding 40.4%. [[1]] 59 60Q: What is SATS’s revenue in Mar-25A? 61A: SATS’s revenue in Mar-25A is S\$5,821 million. [[1]] 62 63Q: What are the peers of SATS? 64A: Airports of Thailand is a peer. [[4]] 65 66Q: What is the forecast dividend yield for Mar-26F? 67A: The forecast dividend yield for Mar-26F is 1.85%. [[1]]

minichart

May 26, 2025

CGS International May 26, 2025 SATS Ltd: Embedded Resilience to Tide Through FY26F Key Takeaways from SATS Ltd’s 4QFY3/25 Performance SATS Ltd reported a 4QFY3/25 net profit of S\$38.7m, which is an 18.3% year-over-year...

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Bursa KLSE stocksMarket Updates

Bumi Armada (BAB MK) 1Q25 Results: Core Net Profit Misses Expectations, Target Price Lowered to RM0.79 | 2025 Outlook & Analysis

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May 23, 2025

Broker: Phillip Research Sdn Bhd (Malaysia) Date of Report: 23 May 2025 Bumi Armada 1Q25 Results: Earnings Miss, Forecasts Cut, But BUY Maintained Amid FPSO Challenges Introduction: Bumi Armada Delivers Mixed 1Q25 Results Bumi...

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Market Updates

Xiaomi Unveils XRING O1 SoC, Mi15S Pro & YU7 EV: Key Highlights, Financial Outlook, and Target Price for 2025

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May 23, 2025

Broker: UOB Kay Hian Date of Report: Friday, 23 May 2025 Xiaomi Corp Surges Ahead: In-House XRING Chips, EV Ambitions, and Strong Financials Drive Bullish Outlook Introduction: Xiaomi’s Bold Technological Leap Xiaomi Corporation has...

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Bursa KLSE stocksMarket Updates

Sunway Berhad 1Q25 Results: Strong Earnings Visibility & Safe Haven Amid Macro Uncertainty | Target Price Upgraded to RM5.45

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May 23, 2025

Broker: UOB Kay Hian Date of Report: Friday, 23 May 2025 Sunway Berhad: Upgraded to Buy on Strong Earnings Visibility and Resilient Diversified Growth Overview: Sunway Berhad Positioned as a Safe Haven Amid Macro...

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Market Updates

Shenzhou International (2313 HK) Stock Analysis: 2025 Growth Outlook, Target Price HK$85.60, and Margin Expansion Potential

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May 23, 2025

UOB Kay Hian Date of Report: Friday, 23 May 2025 Shenzhou International Group: 2025 Outlook – Strong Order Growth, Margin Recovery, and Expansion Plans Overview: Shenzhou International Group Poised for Robust Growth in 2025...

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Bursa KLSE stocksMarket Updates

Press Metal Aluminium Holdings (PMAH) 1Q25 Results: Strong Growth Outlook with New Alumina Expansion, Target Price RM6.26

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May 23, 2025

UOB Kay Hian 23 May 2025 Press Metal Aluminium Holdings: Robust Growth Prospects with New Alumina Capacity and Strong ESG Credentials Overview: Strong Performance and Growth Trajectory Press Metal Aluminium Holdings (PMETAL) continues to...

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Market Updates

Lenovo Group 4QFY25 Results: Strong Core Growth, Solid Outlook & Target Price of HK$12.10 | UOB Kay Hian Analysis

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May 23, 2025

UOB Kay Hian 23 May 2025 Lenovo Group (992 HK): Strong Core Performance in 4QFY25, Despite One-Off Losses — Is Now the Time to Buy? Overview: Robust Business Momentum, Temporary Headwinds Lenovo Group, a...

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