SATS

Broker's Calls

UOBKH stays 'buy' on SATS, thinks share price pressure will ease

“Management noted that SATS’s share price is undervalued with the overhang of rights issue.”
Sats acquisition of WFS provides attractive buying opportunities: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Sats acquisition of WFS provides attractive buying opportunities: CGS-CIMB

CGS-CIMB has maintained their “add” rating for Sats with a lower TP of $3.10 from $3.21 previously.
Sats to launch rights issue priced at $2.20 to fund acquisition of WFS - THE EDGE SINGAPORE

Equity raising

Sats to launch rights issue priced at $2.20 to fund acquisition of WFS

Entitled shareholders will be allotted rights to subscribe for 323 rights shares for every 1,000 shares held as at March 2
Brokers' Digest: FEHT, SGX Group, SATS, Civmec, Food Empire - THE EDGE SINGAPORE

Broker's Calls

Brokers' Digest: FEHT, SGX Group, SATS, Civmec, Food Empire

See what the analysts have to say this week.

Broker's Calls

Analysts like SATS for its position as a proxy for recovery in travel

Analysts expect SATS to see better quarters moving forward, as it is a proxy for the recovery in travel.

Results

SATS reports 90.2% lower 3QFY2023 earnings of $0.5 mil

The positive patmi comes after the losses in the first two quarters of the year.
SATS' JV with Air India to build multi-modal cargo hub at India's Noida International Airport - THE EDGE SINGAPORE

Aviation & Engineering

SATS' JV with Air India to build multi-modal cargo hub at India's Noida International Airport

That said, there is no certainty a concession agreement will be signed as AISATS looks to finalise and conclude the terms.

Aviation & Engineering

Competition watchdog clears proposed acquisition of WFS by Sats

The proposed acquisition will not result in a "substantial lessening of competition" within any market in Singapore: CCCS.
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