SATS

SATS, the gateway services and food solutions provider, reported a net loss of $6.3 million in 4Q20, compared to the earnings of $49.9 million reported in 4Q19.

Four Singaporean blue-chip stocks lost a combined market capitalization of S$863 million on Friday amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s largest stocks.

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.

SINGAPORE (May 6): Following a recent profit warning and earnings guidance by SATS, the in-flight catering service provider’s bottom line could likely be hit more severely than anticipated, according to DBS Group Research.

DBS recommends investors to look at circuit-breaker casualties and top-slice beneficiaries, but the long-term outlook remains pessimistic.

SATS says it is now expecting its profits for the quarter to plunge by approximately 60% to 70% compared to last year. This will correspondingly result in a reduction of up to 25% for the group’s full-year results.

Jetstar Asia says it has been working with the Ministry of Finance, the Public Service Division, and the Civil Aviation Authority of Singapore to find temporary job opportunities offered by the public agencies and the private sector institutions.

“We believe the worsening situation could delay any hopes of an early earnings recovery,” says DBS lead analyst Alfie Yeo.

SATS steps up on pay cuts for all managers and above, as it warns Covid-19 is expected to “substantially and adversely affect profitability” for 4QFY2019 and FY2019 ending March 2020.

Monty's Bakehouse has been providing its range of sustainably-packaged, handheld snacks to a growing roster of premium airlines and other customer segments across the world.