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


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook