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SATS
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.
June 08, 2021
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.
June 04, 2021
Results
SATS reports loss of $78.9 mil for FY20/21
No dividend has been reported for the FY2020/2021.
May 27, 2021
Covid-19
First Moderna Covid-19 vaccine arrives in Singapore
The shipment from Moderna follows that of Pfizer-BioNTech's last December
February 17, 2021
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.
February 15, 2021
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.
February 10, 2021
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.
February 02, 2021
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.
January 22, 2021
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
December 18, 2020