Broker's take: DBS downgrades SATS to 'fully valued' with lower target price of S$2.66

DBS Group Research has downgraded SATS to "fully valued" from "hold", a call that implies a negative total return of more than 10 per cent over the next 12 months, until the outlook for the Covid-19 pandemic and regional travel numbers improves.

At the midday break on Thursday, shares in...