As CGS-CIMB Research expects SATS to return to profitability soon, the brokerage has upgraded the in-flight caterer to an “add” rating from “hold” with a higher target price of $4.30 from $3.27 previously.

This is despite the slow recovery in inflight catering volume.

SATS is expected to release its 3QFY2021 results ended Dec 31 on Feb 10.

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