SATS

Analysts mixed on Sats and see WFS acquisition as promising, but note elevated gearing in the near term - THE EDGE SINGAPORE

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%.

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

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.
SATS reopens Inflight Catering Centre 1 as travel demand rebounds - THE EDGE SINGAPORE

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.
SATS's 'transformational' acquisition rattles market but long-term potential in the making - THE EDGE SINGAPORE

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”
Analysts mixed on SATS's proposed WFS acquisition; UOB Kay Hian downgrades call to 'hold' - THE EDGE SINGAPORE

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
SATS becomes first ground handler in the world to achieve IATA lithium battery certification - THE EDGE SINGAPORE

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).
SATS to become world’s largest cargo handler with $1.64 bil acquisition of cargo handling firm WFS - THE EDGE SINGAPORE

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.
UOB Kay Hian puts SATS’s recommendation ‘under review’ after WFS acquisition rumours - THE EDGE SINGAPORE

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.
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