SATS - She has run up too fast and too much from 2.50 to hit 3.72 seem overly extended! Plus many resistance ahead, I think price may likely retrace any moment! Is never wrong to lock in profit! Dont let your profit slip away! Pls dyodd.

 SATS - She has run up too fast and too much from 2.50 to hit 3.72 seem overly extended! Plus many resistance ahead, I think price may likely retrace any moment!

 Is never wrong to lock in profit! Dont let your profit slip away! Pls dyodd. 

20th August 2024 update:

Fantastic! This morning Gapped up andos now trading at 3.48, looks like market is in favor of the results! 

She had managed to clear the recent high of 3.45 smoothly likely to rise up further towards 3.70 than 4.00.

Pls dyodd. 

SATS  - First Quarter results is out! Gross Revenue increased 15.5 percent to 1.37b. Net profit increased 94.9 percent to 65m.

 Operating cash flow increased to 164.2m versus 40.1m last year! Free cash flow of 36.7m representing an improvement of 125.9m YOY. I think the results showed great improvement! 

The outlook expect positive momentum for the next quarter driven by e-commerce and the shift to air cargo due to sea port congestion.  

SATS is back into profit , awesome! Gross Revenue inch up 15.5% to 1.37b , likely to surpass last year's total gross revenue of 5b. Their target of achieving 10b in 2028 I think is possible!