Economic Growth And Cost PressuresWeaker-than-expected economic growth in the US and Europe, continued cost pressures in its commercial aerospace segment could impede margin expansion, and a turnaround in its satcom business could take longer than expected.
Satcom And Urban Solutions Revenue DeclineSatcom earnings are still soft with Urban Solutions and Satcom declining 29% YoY to S$31.1mn.
Trade War And Input CostsTrade war leading to higher input costs and margin erosion, aviation supply chain disruptions could adversely impact its commercial aerospace business, and turnaround in its satcom business could.