0128 GMT - SATS Ltd.'s gateway services business is likely to continue boosting the company's revenue, say CGS International's Tay Wee Kuang and Lim Siew Khee in a note. The segment's 1Q revenue rose 11.2% on year, driven by the ground-handling and cargo-handling sub-segments. The aviation services provider's 1Q cargo volume handled increased 10.4%, beating global cargo industry growth, the analysts say, citing data from the International Air Transport Association. Tay and Lim raise their FY 2026-FY 2028 EPS forecasts for SATS by 1.1%-1.4% citing improved revenue momentum, supported by the gateway services division's growth. CGS International raises its target to S$3.83 from S$3.60 and reiterates its add rating as they reckon SATS's growth will continue to outpace the industry's. Shares gain 0.3% to S$3.27.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

August 24, 2025 21:28 ET (01:28 GMT)

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