Is the price right for SATS?

SINGAPORE (July 22): UOB Kay Hian maintaining its “hold” recommendation on SATS with a higher target price of $4.45 from $4.20 previously, implying FY17F dividend yield of 3.8%.

There are minimal changes to UOB’s earnings estimates for SATS, despite factoring in a $0.7 million loss in divestment and dilution of associates. Its suggested entry price for the stock is $4.  

The airline gateway services provider on Thursday posted a 29.2% rise in 1QFY17 earnings to $64.1 million on higher sales, which was in line with UOB’s projections. Its $9.3 million gain from the swale of 22

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