CGS-CIMB Research has maintained its “hold” rating on SATS with a lower target price of $4.32, according to analysts Lim Siew Kee and Tay Wee Kuang. 

In addition, Lim and Tay were “cautiously optimistic” that ROE could return to 13-15% by FY2025 with potential lower margin trend in the near-term.

SATS reported earnings of $6.8 million for 2Q, a turnaround from losses of $33.2 million last year.

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