Category: Singapore SGX stocks

Singapore 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]]

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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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Singapore Market Update: Hongkong Land’s Strategic Moves, Metro Holdings’ Losses & Institutional Fund Flows – May 2025 Insights

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Singtel Stock Analysis 2025: 14% Earnings Growth, 5% Yield & Narrowing Holdco Discount – Maybank Research BUY Rating

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ISOTeam (ISO SP) Poised for Growth: New Contract Wins, AI Drone Tech, and Strong Outlook for 2025

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OCBC Investment Research: Market Pulse – US Debt Concerns & Singapore Market Statistics (May 2025)

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OCBC Investment Research 22 May 2025 Market Turmoil Grips Wall Street as Bond Yields Surge; CDL’s Singapore Sales Soar Market Commentary: United States A bond market sell-off intensified following a disappointing 20-year Treasury note...

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Singapore Stock Market Report: Singtel Analysis, Geo Energy Update & Fund Flow Trends (May 2025)

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SIA Engineering (SIE): New Contract Boosts Earnings Potential – Stock Analysis & TP Update

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CGS International May 21, 2025 SIA Engineering: New SIA Contract Poised to Significantly Boost Earnings Executive Summary SIA Engineering (SIE) recently announced a new 2+1 year contract with Singapore Airlines (SIA) and Scoot, effective...

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Frencken Group Ltd (FRKN SP): 1H25 Outlook Lowered, Still an Add? – May 2025 Analysis

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CGS International May 21, 2025 Frencken Group Ltd: Lowered Growth Outlook but Strong Semiconductor Segment Drives Optimism Frencken Group Ltd (FRKN SP) faces revised growth expectations, but a resilient semiconductor segment and strategic initiatives...

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City Developments Ltd (CDL) Stock Analysis: 1Q25 Sales Surge, Future Outlook & Fair Value

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OCBC Investment Research Private Limited 21 May 2025 City Developments Ltd (CTDM.SI): BUY Rating Maintained Amidst Encouraging 1Q25 Sales City Developments Limited (CDL) is a leading real estate developer with core business segments in...

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