SATS is expected to release its 3QFY2021 results ended Dec 31 on Feb 10.
As CGS-CIMB Research expects SATS to return to profitability soon, the brokerage has upgraded the in-flight caterer to an “add” rating from “hold” with a higher target price of $4.30 from $3.27 previously.
This is despite the slow recovery in inflight catering volume.
