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Analysts mixed on SATS as air traffic takes off once again

Lim Hui Jie
Lim Hui Jie2/25/2022 01:55 PM GMT+08  • 4 min read
Analysts mixed on SATS as air traffic takes off once again
DBS and Citibank have maintained their calls, while CGS-CIMB has raised their target price slightly.
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Analysts from DBS Group Research, and Citi Research have maintained their “buy” calls on SATS, with unchanged target prices of $4.90 and $4.60 respectively

CGS-CIMB Research meanwhile, has kept its “hold” call, but raised its target price slightly from $4.32 to $4.34.

SATS reported a fourth straight quarter of profitability, with 3QFY2022 earnings (ended December) coming in at $5.1 million, a 282.1% jump y-o-y. Revenue stood at $307.8 million, a 22.6% rise y-o-y.

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