SATS is testing the $2.93 resistance level

3 lug

Singapore's aircraft food supplier and airport service provider, SATS, has posted strong financial results, including a positive PATAMI (Profit After Tax and Minority Interests) after completing its acquisition of Worldwide Flight Services (WFS) and integrating it into the fiscal year. This was followed by a significant reduction in liabilities due to debt restructuring. Investors are eagerly waiting for SATS to resume paying dividends as it has done in the past.

With global travel demand returning to normal, SATS' share price has started to recover, supported by improving financials. Is now a good time to buy?