On the other hand, OCBC Investment Research (OIR) analyst Chu Peng has kept her “buy” rating, but has cut its target price by about 30% from $4.72 to $3.26.
Analysts from three brokerages have given mixed calls on Sats in the wake of its 1HFY2023 results (ended 30 September) released on Nov 9.
UOB Kay Hian has maintained its "buy" call and target price of $3.08, while Nomura's Global Markets Research analysts Ahmad Maghfur Usman and Divya Thomas have also maintained its "buy" call and $4.94 target price.
