Home Capital Broker's Calls

How SATS profited from Hanjin's loss in 3Q

Michelle Zhu
Michelle Zhu2/10/2017 10:02 AM GMT+08  • 2 min read
How SATS profited from Hanjin's loss in 3Q
SINGAPORE (Feb 10): Maybank Kim Eng is maintaining its “sell” call on SATS with an unchanged price target of $3.76, despite noting a “good quarter” where the gateway and food solutions provider’s core PATMI  came in 14% higher than the research
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 10): Maybank Kim Eng is maintaining its “sell” call on SATS with an unchanged price target of $3.76, despite noting a “good quarter” where the gateway and food solutions provider’s core PATMI came in 14% higher than the research house’s estimate.

(See also: SATS reports 7.4% rise in 3Q earnings to $65.1 mil)

In a Thursday note, lead analyst Derrick Heng recalls how SATS’ 3Q gateway services revenue grew 2.2% y-o-y, which in their opinion, mirrors the positive trends as seen in Changi Airport and SIA’s latest set of results.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.