UOB Kay Hian analyst Roy Chen maintained a Buy rating on SATS (SPASF – Research Report) yesterday and set a price target of S$3.28. The company’s shares closed last Thursday at $2.09.
According to TipRanks, Chen is a 2-star analyst with an average return of 6.1% and a 75.00% success rate. Chen covers the Industrial Goods sector, focusing on stocks such as Singapore Airlines, SATS, and SIA Engineering Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SATS with a $2.84 average price target, which is a 35.89% upside from current levels. In a report released on January 20, Nomura also maintained a Buy rating on the stock with a S$4.10 price target.
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Based on SATS’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $375.5 million and a GAAP net loss of $22.5 million. In comparison, last year the company earned a revenue of $275.6 million and had a net profit of $6.4 million
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SATS Ltd. is an investment holding company, which engages in the provision of food solutions and gateway services. It operates through the following segments: Food Solutions, Gateway Services, and Others. The Food Solutions segment provides in-flight and institutional catering, food processing, distribution services, and airline laundry services. The Gateway Services segment offers both airport and cruise terminal services. The Other segment comprises of rental of premises and other services. The company was founded on December 15, 1972 and is headquartered in Singapore.
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