SATS's FY 2026 Earnings Could Gain From Tighter Cargo Capacity -- Market Talk

Dow Jones
Mar 04

0728 GMT - SATS's FY 2026 earnings could benefit from tightening cargo capacity and higher rates, says Phillip Securities Research's Hashim Osman in a note. The Singapore aviation services provider's nine-month profit after tax and minority interests beat the analyst's expectations, fueled by growing cargo volumes. The start of new contracts, further leasing and capital expenditure plans are likely to underpin the company's growth, he adds. Cargo rates have also been incrementally raised amid tightening cargo capacity in the Middle East, while new facilities should become profitable in the coming quarters, he says. He raises his FY 2026 Patmi projection by 13%. Phillip Securities Research also raises its rating on the stock to buy from neutral and lifts its target price to S$4.44 from S$3.84. Shares fall 2.4% to S$3.60. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

March 04, 2026 02:28 ET (07:28 GMT)

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