0815 GMT - SATS Ltd.'s postresults stock selloff appears overdone, says DBS Group Research's Jason Sum in a note. The air-cargo handler's shares fell 14% Thursday after its fiscal 1Q results. While its margins face headwinds in the near term from factors such as food inflation, the analyst says such pressures are likely temporary. Airlines should progressively add flights on still-robust underlying travel demand as the Middle East situation stabilizes, which should benefit SATS, the analyst says. DBS raises its FY 2027-FY 2028 earnings-per-share forecasts by 2.7%-3.3% on likely stronger top-line growth. The bank lifts its target price to 5.00 Singapore dollars from S$4.40 and maintains a buy rating. Shares fall 1.5% to S$4.06.
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