SATS

Sats shareholders approve WFS acquisition, projected to be completed by April 2023 - THE EDGE SINGAPORE

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.

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.

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.

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.

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.
PhillipCap downgrades Sats to ‘neutral’, but raises target price to $3.08 - THE EDGE SINGAPORE

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."

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.
Sats reveals funding structure for WFS acquisition - THE EDGE SINGAPORE

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.

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.

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.
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