Friday, July 4th, 2025

Category: Singapore SGX stocks

Singapore SGX stocks

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 3**SEO title:** 4SEO title: SATS Ltd (SATS SP): Embedded Resilience & FY26F Outlook – CGS International Analysis 5 6**Analysis based on the document:** 7 8Based on the document provided, here’s a summary of key points and potential user questions with answers: 9 10**Key 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 19**Potential User Questions & Answers:** 20 21**Q: What is the overall recommendation for SATS Ltd?** 22A: CGS International reiterates an “Add” recommendation for SATS Ltd. [[1]] 23 24**Q: 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 27**Q: 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 30**Q: 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 33**Q: What is SATS’s ESG rating?** 34A: SATS has an ESG combined score of B- by LSEG. [[1, 5]] 35 36**Q: 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 39**Q: 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 42**Q: 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 45**Q: What is the earnings growth outlook?** 46A: The report anticipates a 3-year earnings CAGR of 15.0%. [[1]] 47 48**Q: 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 51**Q: 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 54**Q: What is SATS’s market capitalization?** 55A: The market cap is US\$3,444m / S\$4,428m. [[1]] 56 57**Q: Who are the major shareholders of SATS?** 58A: Temasek Holdings is a major shareholder, holding 40.4%. [[1]] 59 60**Q: What is SATS’s revenue in Mar-25A?** 61A: SATS’s revenue in Mar-25A is S\$5,821 million. [[1]] 62 63**Q: What are the peers of SATS?** 64A: Airports of Thailand is a peer. [[4]] 65 66**Q: 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...

Continue Reading 0
Hong Kong stocksMarket UpdatesSingapore SGX stocks

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

minichart
May 23, 2025

Broker: Lim & Tan Securities Date of Report: 23 May 2025 Singapore Market Insights: Key Stock Picks, Fund Flows, and Sector Performance for May 2025 Market Overview: STI Performance and Global Market Snapshots The...

Continue Reading 0
Market UpdatesSingapore SGX stocks

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

minichart
May 23, 2025

Broker: Maybank Research Pte Ltd Date of Report: May 23, 2025 Singtel Accelerates Capital Returns and Narrows Holdco Discount: A Comprehensive Investment Outlook Executive Summary: Singtel’s Investment Case Strengthens Singapore Telecommunications (Singtel, ST SP)...

Continue Reading 0
Market UpdatesSingapore SGX stocks

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

minichart
May 23, 2025

Broker: Maybank Research Pte Ltd Date of Report: May 22, 2025 ISOTeam Set for Growth: New Contracts, Drone Tech, and Strong ESG Positioning Point to Bright Future Overview: ISOTeam Positioned for Significant Upside After...

Continue Reading 0
Market UpdatesSingapore SGX stocks

Singtel FY25 Results: Higher Dividends, Share Buyback & Strong Growth Outlook – Target Price Raised to S$4.58

minichart
May 23, 2025

UOB Kay Hian Date of Report: Friday, 23 May 2025 Singtel’s 2025 Earnings: Robust Profitability, Share Buyback, and Bright Dividend Outlook Power Growth Executive Summary Singapore Telecommunications Limited (Singtel), a leading integrated communications and...

Continue Reading 0
Singapore SGX stocksUS stocks

📈 SGX Market Watch: Big moves, bold bets, and billion-dollar plans — here’s your roundup 🔎

minichart
May 22, 2025

💰 SGX:C38U, SGX:S63, SGX:BS6, SGX:1D0, SGX:40N, SGX:5D0, SGX:I49, SGX:U96 🔥 SG Market Eyes $5B Liquidity Boost! MAS is gearing up to deploy its $5B Equity Market Development Programme, targeting SGX mid-caps 💼. DBS names...

Continue Reading 0
Hong Kong stocksMarket UpdatesSingapore SGX stocks

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

minichart
May 22, 2025

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...

Continue Reading 0
Bursa KLSE stocksHong Kong stocksMarket UpdatesSingapore SGX stocks

Frencken Group (FRKN SP): BUY Rating Maintained, 23.9% Upside – UOB Kay Hian Analysis (May 2025)

minichart
May 22, 2025

UOB Kay Hian Private Limited Thursday, 22 May 2025 Frencken Group (FRKN SP): Buy Maintained; Moderate Revenue Growth Outshines Peers Frencken Group: Company Overview Frencken Group (FRKN SP) is a global integrated technology solutions...

Continue Reading 0
Bursa KLSE stocksHong Kong stocksMarket UpdatesSingapore SGX stocks

Delfi (DELFI SP) Stock Analysis: 1Q25 Results, Cocoa Price Impact, and Investment Recommendation

minichart
May 22, 2025

UOB Kay Hian Date of Report: Thursday, 22 May 2025 Delfi (DELFI SP): Promotions and Cocoa Prices Weigh on Profitability, Maintain HOLD Company Overview Delfi is a manufacturer, marketer, and distributor of chocolate confectionery...

Continue Reading 0
Hong Kong stocksMarket UpdatesSingapore SGX stocks

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

minichart
May 22, 2025

Lim & Tan Securities Pte Ltd 22 May 2025 Daily Market Review and Key Investment Ideas Financial Market Overview The FSSTI Index closed at 3,882.6, showing no change (0.0%) for the day, a 1.3%...

Continue Reading 0