Sats has highlighted a strategy of strengthening its leadership in the global cargo market, through growing its share of strategic customers across the network and creating incremental value along the supply chain, as well as sustaining its position as Asia’s top aviation caterer, while also penetrating deeper into high value segments of ready-to-eat meals in key markets.
OCBC Investment Research (OIR) analyst Ada Lim has kept her “buy” call on Sats but with a lowered fair value (FV) of $3.93 from $4.11 previously.
As part of its next phase to drive value creation and sustainable growth, the group has previously indicated a goal to grow its revenue above $8 billion by FY2029, along with earnings before interest, taxes, depreciation and amortisation (ebitda) margin and return on equity (ROE) of at least 20% and 15%, respectively.
