0822 GMT - SATS Ltd. appears relatively resilient to the oil-price surge from the Middle East conflict, say Maybank Securities' Liu Miaomiao and Eric Ong in a note. The air-cargo handler's diversified global network and limited exposure to the Middle East is likely to support its near-term earnings, they say. Oil prices above $100 a barrel are more of a demand headwind than cost driver for SATS, as it has no direct fuel exposure, they note. Still, the company faces key risks from second-order effects, such as reduced airline capacity, flight rerouting and uncertainty around jet-fuel availability, the analysts add. Maybank Securities retains its buy rating and S$4.52 target price. Shares rise 0.55% to S$3.63. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 25, 2026 04:23 ET (08:23 GMT)
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