Brokers' take

SATS | Hold (maintained) June 3 close: S$5.03 Target price: S$5.05 UOB Kay Hian, June 3

SATS outlined a clear growth strategy on its capital markets day to maintain its leadership position as the Asia-Pacific (APAC) market leader in aviation catering and ground handling as well as to be a leading central kitchen provider in the region.

This includes plans to spend S$1 billion in three years and raise gearing to 30 per cent and speed up digitalisation of cargo traceability and food procurement.