“We believe its extensive cargo network also enabled SATS to capture the re-routing opportunities that have emerged as a result of supply chain disruptions arising from the Middle East crisis, which began on end February, similar to past disruptions such as the Red Sea Crisis in 2024 and higher tariffs post Liberation Day in 2025,” according to Tay and Lim.
Tay Wee Kuang and Lim Siew Khee from CGS International have reiterated their “add” call on SATS (SGX:S58
) following the recent non-deal roadshow (NDR) organised by the brokerage house.
During the NDR, SATS’ management team attributed the outperformance in cargo tonnage handled against global air cargo industry as reported by International Air Transport Association (IATA) over the past 10 consecutive quarters was due to its strategic network that has presence in 15 of the world’s top 30 air cargo stations, and covering air trade routes that facilitate around 50% of the world’s air cargo volume.
