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SATS Ltd. Shares Rise Following Recent Sell-off

Por: MarketWatch Business October 06, 2022

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SATS' shares fell 24% in the five sessions since the deal was announced on Sept. 28, including a 20% drop on Sept. 29 when trade resumed after the news. The current gains are likely because the sell-off was overdone, and thanks to the broader Singapore market which trended higher over the last few days, said Nomura analyst Ahmad Maghfur Usman. In a note last week, Mr. Usman took a neutral view on the deal, although he acknowledged that the... + full article



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