SATS reported a core net profit of $7.2 million, which was short of consensus estimates of $10.1 million but ahead of CGS-CIMB’s $2.5 million forecast.
Analysts are mixed on SATS's prospects, with most of them lowering their target prices after the company's FY2023 and 4QFY2023 results ended March 31.
CGS-CIMB Research analysts have maintained their "add" call but lowered their target price to $2.60 from $3.10 previously.
