Lim believes investors are showing their appreciation for Sats' strong set of FY2026 ended March 31 results and sentiment has improved amid progress towards ending the conflict in the Middle East.
Ada Lim of OCBC Group Research has maintained her fair value for Sats at $4.20 but has downgraded her call from "buy" to what she calls a "non-consensus hold" as the company's current share price has exceeded what she deems is worth based on current estimates.
From a recent low of $3.21 on May 18, the share price of the ground handling operator has surged by more than 40% to change hands at above $4.50 on June 29, leading to what Lim calls a more "balanced" risk-reward profile.
