SATS

Although SATS's 4QFY2020 earnings are likely to fall by a “larger degree, analysts choose to remain optimistic on a possible comeback after virus fears ease.

The group says the coronavirus outbreak will be a “consequential impact” on its short-term financial performance, but adds that the company is in a strong position to weather the disruption to its business. Year-to-date, the counter has tumbled some 10.3%

UOB Kay Hian has downgraded the aviation sector to “underweight” as rising fears of the novel coronavirus outbreak have led to numerous flight cancellations and capacity cuts.

The markets are likely to be spooked at the opening bell after Singapore on Thursday evening announced its first confirmed case of the deadly Wuhan virus. Here's what you need to watch out for.

SINGAPORE (Dec 20): It has been a good year for engineering group ST Engineering, which has seen all-round growth from its various business units. It received orders from both defence and commercial customers and earnings increased from its existing busi

SINGAPORE (Nov 26): Maybank Kim Eng Research is positive on the Singapore aviation services sector for 2020, with a pick up in the number of events in 2020 expected to fuel the sector’s continued outperformance.

SINGAPORE (Nov 12): Airline gateway services and food solutions provider SATS reported earnings of $60.7 million for 2Q19-20 ended September, some 7.6% lower than earnings of $65.7 million a year ago.

SINGAPORE (Sept 29): Airline gateway services and food solutions provider SATS is selling its 30% stake in its inflight catering facility in India, Taj Madras Flight Kitchen, to Taj SATS Air Catering for 178.7 million rupees ($3.5 million).

SINGAPORE (July 23): Airline gateway services and food solutions provider SATS has seen its share price tumble more than 9% since last week.

SINGAPORE (July 18): Food solutions and gateway services provider SATS posted a 14.4% drop in earnings to $54.7 million for the 1Q19-20 ended June, falling from $63.9 million a year ago.