SATS

SATS acquires majority control of Thai frozen food producer for $21 mil - THE EDGE SINGAPORE

M&A

SATS acquires majority control of Thai frozen food producer for $21 mil

The acquisition would allow SATS to further reduce food waste, shares Kerry Mok, CEO of SATS Food Solutions.
Sats shrugs off full-year loss; focuses on e-commerce cargo, potential acquisitions - THE EDGE SINGAPORE

Aviation & Engineering

Sats shrugs off full-year loss; focuses on e-commerce cargo, potential acquisitions

E-commerce cargo is a higher value product compared to general cargo given that it can command a premium, says CEO Alex Hungate.
SATS reports loss of $78.9 mil for FY20/21 - THE EDGE SINGAPORE

Results

SATS reports loss of $78.9 mil for FY20/21

No dividend has been reported for the FY2020/2021.
First Moderna Covid-19 vaccine arrives in Singapore - THE EDGE SINGAPORE

Covid-19

First Moderna Covid-19 vaccine arrives in Singapore

The shipment from Moderna follows that of Pfizer-BioNTech's last December

Broker's Calls

SATS ready for take off on vaccine delivery flights

SATS will have to rely on its non-aviation business segment for some time yet.
SATS swings into 3Q loss of $2.8 mil amid travel restrictions - THE EDGE SINGAPORE

Results

SATS swings into 3Q loss of $2.8 mil amid travel restrictions

The net loss could have been wider, if not for an uptick in air cargo volumes and improved contribution from overseas entities.
SATS expected to return to the black; upgraded to 'add' with higher TP $4.30: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

SATS expected to return to the black; upgraded to 'add' with higher TP $4.30: CGS-CIMB

CGS-CIMB has forecast SATS to register 3QFY2021 earnings of $3.5 million compared to the 2QFY2021 loss of $33 million.
The bigger the fall, the stronger the recovery for Singapore market: Credit Suisse - THE EDGE SINGAPORE

Investing ideas

The bigger the fall, the stronger the recovery for Singapore market: Credit Suisse

While some sectors in the Singapore economy have taken a beating, Credit Suisse believes this is a prelude to a strong recovery.
Singapore’s Changi gets ready with tons of dry ice for vaccines - THE EDGE SINGAPORE

Covid-19

Changi gets ready with tons of dry ice for vaccines

SATS has doubled production of dry ice needed to keep the Pfizer vaccine at the required storage temperature of minus 70 degrees C
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