SATS shares surged 7.30% during intraday trading on Thursday, reflecting strong investor confidence in the company's future prospects.

The stock's sharp rise follows a positive analyst note from Nomura, which expects SATS to deliver consistent double-digit earnings growth through fiscal year 2028. This outlook is supported by recently secured contract wins, capacity expansion across Europe, the Americas, and Asia, and margin expansion as economies of scale improve. The company's management maintains a constructive view for the current fiscal year, citing resilient cargo demand, continued growth in specialized handling services, and ongoing investments in network expansion and logistics capabilities. Nomura has reiterated its Buy rating on SATS with a target price of S$4.57.