Sats Up From 6: mth low, DBS removes from blue-chip category

Sats

18/05/2021 05:56

** Shares of inflight services firm SATS Ltd  SATS.SI  up 1.9%
to S$3.81 at 0450 GMT, pares gains after rising as much as 2.7%
to highest since May 12.
** SAT rebounds from Friday, when fresh coronavirus lockdown
measures in Singapore sent shares to 6-month low.  urn:newsml:reuters.com:*:nL1N2N1091  
** DBS  DBSM.SI  removes SATS from its blue chip basket of firms
with promise of steady growth. DBS says reopening of Singapore’s
air lanes for air-travel could proceed slowly and with caution
even after the pandemic is under control.
** The stock is 17.0% below its 52-week high reached on March 18
** 11 analysts cover SATS, on avg rating it "BUY". Its median PT
is S$4.3, which is 11.4% below its current price of S$3.8
** Analysts on avg expect SATS's revenue to fall 49.3% to
S$936.43 million in its current fiscal year, after rising 3.2%
to S$1.85 billion in the previous year
** The World Economic Forum, which was due to take place in
August in Singapore, has been cancelled.  urn:newsml:reuters.com:*:nL2N2N4171

 (Reporting by Chen Lin in Singapore)
 ((LinChen1@tr.com))