SATS

Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS - THE EDGE SINGAPORE

Broker's Calls

Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS

The analysts estimate that the STI will be trading between support at 3,200 to 3,250 points with near-term resistance at 3,408.
SATS bets big on food as it awaits appetite for aviation to rebound - THE EDGE SINGAPORE

Aviation & Engineering

SATS bets big on food as it awaits appetite for aviation to rebound

While many of us know SATS from our flights at Changi Airport, the company has a second major arm it is betting on: Food.

Broker's Calls

SIAEC and SATS are UOBKH's preferred proxies to ride recovery of 'market weight' aviation sector

In his report, UOB Kay Hian's Roy Chen has kept his “buy” call on SATS and SIAEC and “hold” on SIA.
SATS invests $150 million in food production automation project in Jurong Innovation District - THE EDGE SINGAPORE

Innovation

SATS invests $150 million in food production automation project in Jurong Innovation District

The move is in line with SATS’ strategy to strengthen its Singapore core,while growing its international and non-travel businesses
UOB Kay Hian expects Singapore aviation sector to recover by end-2024, sees SIAEC as top pick to ride on recovery - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian expects Singapore aviation sector to recover by end-2024, sees SIAEC as top pick to ride on recovery

UOB Kay Hian has re-initiated coverage on SIAEC, SATS and SIA with "buy", "buy", and "hold" calls.

Broker's Calls

DBS says STI reaching near-term cap, reveals inflationary environment picks

Even as the optimism on the reopening of Singapore lifts the STI, it may be close to a peak, says DBS.
Analysts mixed on SATS as air traffic takes off once again - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on SATS as air traffic takes off once again

DBS and Citibank have maintained their calls, while CGS-CIMB has raised their target price slightly.

Aviation & Engineering

Keppel T&T divests entire stake in Asia Airfreight Terminal Company to SATS for $35.8 mil

As at Dec 31, 2021, the book value and net tangible asset value of the sale shares stood at HK$199.4 million or $34.5 million.

Results

SATS posts earnings of $5.1 mil in 3Q business update

The group would have seen a loss of $33.0 million in the quarter if not for the reliefs from the government.
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