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Home / Capital / Brokers Calls

SATS expected to return to the black; upgraded to 'add' with higher TP $4.30: CGS-CIMB

Broker's Calls

SATS expected to return to the black; upgraded to 'add' with higher TP $4.30: CGS-CIMB

Jeffrey Tan Published on Tue, Feb 02, 2021 / 11:40 AM GMT+8

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.