CGS-CIMB Research analyst Lim Siew Khee has kept ‘add’ on SATS with an unchanged target price of $4.30 as the airport services provider posted earnings of $6.4 million for the 1QFY2022 ended June, reversing from its loss of $43.7 million in the same period last year.

The earnings, which included tax credits of between $3 million to $4 million and government relief of $45.5 million, surpassed Lim’s $4.4 million earnings estimate.

See also: SATS looking to buy central kitchens, cargo handling assets

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