Thursday, September 11th, 2025

Market today

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Market today

Singapore Market Strategy 2025: Top Stock Picks & S$5B Investment Blitz

UOB Kay Hian Date of Report: Tuesday, 27 May 2025 Singapore Market Poised for Growth: Stocks to Buy...

Singapore Stocks with High Dividend Yields (Over 6%) – May 2025 | OCBC Research

OCBC Investment Research 26 May 2025 Singapore Stocks: Unveiling High Dividend Yield Opportunities...

SATS Ltd (S63.SI): Technical Buy – Bottoming Up Analysis & Price Targets (May 2025)

CGS International May 27, 2025 Trendspotter’s Insights: SATS Ltd Bottoming Up and Pan-United...

text Download Copy code 1SEO title: SATS Ltd (SATS SP): Embedded Resilience & FY26F Outlook | CGS International Report 2 3Here’s a summary of the SATS Ltd (SATS SP) analysis from the CGS International report: 4 5* **Recommendation:** The report reiterates an “Add” rating for SATS Ltd with a higher target price (TP) of S$3.60 [[1]]. 6* **Financial Performance:** 4QFY3/25 net profit was S$38.7m, slightly ahead of estimates. Revenue growth remained consistent. SATS’s cargo tonnage has outpaced global cargo demand, indicating market share gains [[1]]. 7* **FY26F Outlook:** SATS’s growing market share is expected to support earnings growth in FY26F, even with potential trade tensions. Cargo volumes are expected to grow due to market share gains, offsetting potential softening cargo demand in the latter half of FY26F [[1]]. 8* **Earnings Estimates:** FY26F-27F EPS estimates are lifted by 7.9-8.5%, and FY28F estimates are introduced, implying a 3-year earnings CAGR of 15.0% [[1]]. 9* **Valuation:** The TP of S$3.60 implies 17.3x FY27F P/E, similar to its pre-Covid-19 mean [[2]]. 10* **Key Risks:** 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]]. 11* **ESG:** SATS maintains a B- ESG combined score by LSEG, with a slight improvement in its Environmental pillar score [[5]]. 12* **Financial Summary:** Revenue, Operating EBITDA, and Net Profit are projected to increase through Mar-28F. Core EPS is also expected to grow [[1]]

CGS International May 26, 2025 SATS Ltd: Embedded Resilience to Tide Through FY26F – Market Share...

Singtel (STEL.SI) Stock Analysis: FY25 Review, Dividend Growth & BUY Rating (May 2025)

Broker Name: OCBC Investment Research Private Limited Date of Report: May 26, 2025 Singtel: Capital...