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SATS
Broker's Calls
Analysts mixed on Sats, saying WFS acquisition as 'promising', but note elevated gearing in the near term
All three brokerages have maintained "buy", but OIR has cut its target price by about 30%.
November 17, 2022
Results
Sats reports 1HFY2023 loss of $32.5 million, proposed rights issue to be capped at $800 million
The company plans to withhold dividend payments for now
November 09, 2022
Broker's Calls
Brokers' Digest: City Developments, SATS, CapitaLand Investment, AEM Holdings, Mapletree Industrial Trust
See what the analysts have to say this week.
October 21, 2022
Broker's Calls
UOB Kay Hian upgrades SATS to 'buy' after sharp drop in share price
Since SATS’ first trading halt on Sept 21, its share price has declined 33% from $4.06 to $2.72, its closing price as at Oct 18.
October 19, 2022
Aviation & Engineering
SATS reopens Inflight Catering Centre 1 as travel demand rebounds
The catering centre has opened in October for the first time in over two years.
October 11, 2022
M&A
SATS's 'transformational' acquisition rattles market but long-term potential in the making
SATS says it remains committed to “prudent balance sheet management”
September 29, 2022
Broker's Calls
Analysts mixed on SATS's proposed WFS acquisition; UOB Kay Hian downgrades call to 'hold'
"Long-term shareholders may stay invested [in SATS] although near-term share price could weaken on macro uncertainty:" CGS-CIMB
September 29, 2022
Aviation & Engineering
SATS becomes first ground handler in the world to achieve IATA lithium battery certification
The group, on Sept 29, was named ‘Centre of Excellence for Independent Validators Lithium Batteries’ (CEIV Li-batt).
September 29, 2022
M&A
SATS to become world’s largest cargo handler with $1.64 bil acquisition of cargo handling firm WFS
With the acquisition, SATS will now become the world's largest cargo handler.
September 28, 2022
Broker's Calls
UOB Kay Hian puts SATS’s recommendation ‘under review’ after WFS acquisition rumours
Chen has removed his target price and put SATS "under review" due to "significant uncertainties" over the rumored deal.
September 23, 2022