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SATS
M&A
Sats shareholders approve WFS acquisition, projected to be completed by April 2023
96.8% of of the total number of votes at the EGM voted in favour of the transaction.
January 18, 2023
Broker's Calls
CGS-CIMB raises target price for Sats, expects faster Chinese reopening and revised WFS contribution
The analysts think that Sats's core operations can reach 100% of pre-Covid levels by March 2025.
January 16, 2023
Broker's Calls
China's reopening to international travellers to 'inject new momentum' to aviation sector's recovery: UOB Kay Hian
SIAEC is UOB Kay Hian analyst Roy Chen's top pick in the "market weight" sector.
January 07, 2023
Sustainability
Sats teams up with Hilton Foods to reduce food packaging waste
The collaboration also extends to the supply of proteins from Hilton Foods to Country Foods.
December 20, 2022
Sector Focus
Singapore’s aviation sector eyes expansion and profits post-pandemic
With more travellers, Singapore-listed aviation stocks are not just recovering but preparing for their next phase of growth.
December 16, 2022
Broker's Calls
PhillipCap downgrades Sats to ‘neutral’, but raises target price to $3.08
Despite this, PhillipCapital describes Sats as "best in class with a defensive business model and superior growth profile."
December 09, 2022
Broker's Calls
CGS-CIMB lowers target price on Sats after WFS funding plan revealed
Under the analysts' model, they expect a potential earnings dilution of about 5% in 2024.
December 05, 2022
Aviation & Engineering
Sats reveals funding structure for WFS acquisition
Sats has not revealed the rights issue ratio or the issue price for the rights shares yet.
December 01, 2022
Investing ideas
Is beaten-down Sats worth buying at current levels?
Analysts are positive about the WFS acquisition in the long term, but have more mixed sentiments in the near term.
November 24, 2022
Broker's Calls
PhillipCapital starts Sats at 'accumulate' with TP of $3.02
In addition to his positive outlook, PhillipCapital's Terence Chua believes Sats could resume the paying of dividends in FY2024.
November 21, 2022