0200 GMT - SATS management's tone appears upbeat, UOB Kay Hian's Roy Chen says in a research report. Management expects SATS to continue to outperform industry benchmarks, leveraging the company's global reach, network and strong customer relationships, the analyst notes. Management also anticipates the company's food-solution segment to benefit from increased regional demand for authentic, high-quality aviation meals, and for the gateway-service segment to remain resilient. Management sees cargo performance so far in 2Q FY 2026 staying robust, with Europe continuing to be a bright spot. The brokerage raises the stock's target price to S$3.52 from S$3.22, based on estimated 18.4X FY 2027 price-to-earnings, with an unchanged buy rating. Shares are 0.6% lower at S$3.26. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 25, 2025 22:00 ET (02:00 GMT)
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