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Analysts keep 'buy' calls on SATS despite cost pressures

Felicia Tan
Felicia Tan7/26/2022 11:10 PM GMT+08  • 8 min read
Analysts keep 'buy' calls on SATS despite cost pressures
SATS's loss for the 1QFY2023 was attributable to the higher costs incurred to ramp up capacity. Photo: SATS
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Analysts from CGS-CIMB Research, Citi Research, DBS Group Research, OCBC Investment Research and UOB Kay Hian are remaining positive on SATS after the aviation company recorded a loss of $22.5 million for the 1QFY2023 ended March, from the $6.4 million in earnings in the same period the year before.

The loss was attributable to the higher costs incurred to ramp up capacity, which offset the quarter’s 36.2% y-o-y increase in revenue.

CGS-CIMB cuts EPS estimates, TP

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