0252 GMT - SATS appears on track to achieve record earnings by FY 2026, Nomura analysts write in a note. The in-flight caterer and ground handler's 2Q FY 2025 results beat expectations, the analysts say. Management has conducted an extended briefing, listing its long-term plans and unveiling its FY 2029 targets, they add. This includes reaching S$8 billion revenue by then, compared with S$2.82 billion for 1H FY 2025. Nomura raises its earnings forecasts by 12%-14.7% for FY 2025-FY 2027. The brokerage also raises the stock's target price to S$4.56 from S$4.26, while maintaining a buy rating. Shares are 0.3% lower at S$3.76.(amanda.lee@wsj.com)
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