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Singapore Airport Terminal Services (SATS)
Services
SATS, whose 'digitalisation' is underway, grabs top spot; Silverlake Axis beats peers on ROE
SINGAPORE (Sept 16): SATS, which provides gateway services and catering to the aviation, hospitality, healthcare, freight and logistics, and government sectors, was the runner-up in the 2018 services sector of the Billion Dollar Club. It was edged out by
September 13, 2019
Markets
IMF cuts global forecast; Fed in focus
SINGAPORE (July 29): The European Central Bank has signalled the need for significant stimulus in the economy, as the growth outlook deteriorates. While the ECB has held rates unchanged for now, president Mario Draghi has indicated that lower interest rat
July 26, 2019
Disruption and Digitalisation
SATS and Dassault Systèmes create world's first virtual twin of in-flight kitchen
SINGAPORE (July 25): SATS, the airline gateway services and food solutions provider, is collaborating with Dassault Systèmes to enhance its in-flight kitchen operations.
July 25, 2019
Broker's Calls
SATS kept at 'buy' by CGS-CIMB on strategy of buying out rivals
SINGAPORE (June 17): CGS-CIMB Research is maintaining SATS at ‘add’ given the stock is a proxy for secular growth in air travel although M&As may require investor to be patient in the short term.
June 17, 2019
Markets
US ban on Huawei unnerves markets; more REIT listings in the pipeline?
SINGAPORE (May 27): The US’ decision to include Huawei Technologies on its US Entity List has added fuel to the trade tensions between itself and China.
May 27, 2019
Results
SATS FY18 earnings down on absence of one-off gain; buying 50% of Nanjing food firm for $31 mil
SINGAPORE (May 17): SATS continues its revenue growth with its FY18 ending Mar 31 results, with a 6% increase y-o-y to $1.8 billion, on the back of another strong 4Q2018 ending Mar 31 results which saw revenue grow 11.3% y-o-y to $471.5 million.
May 17, 2019
Tech
SATS plans to tap ready-to-eat meals business
SINGAPORE (Mar 11): SATS plans to tap the rising demand for ready-to-eat meals.
March 11, 2019
Broker's Calls
China visitor slowdown a blip for SGX aviation services provider: Maybank
SINGAPORE (Jan 15): Singapore’s aviation services-related stocks have been weighed down by a slowdown in Chinese visitor arrivals in 4Q18.
January 15, 2019
Right Timing
Right timing: STI and short- and medium-term indicators have stabilised
STI and short- and medium-term indicators have stabilised
Quarterly momentum languished during the past four trading sessions, but remains above a resistance and its own moving average. In addition, ADX is neutral after a period of being negatively place
November 23, 2018
Deals, joint ventures & alliances
SATS signs investment deal to build central kitchen in Tianjin
SINGAPORE (Nov 19): SATS's subsidiary SATS China Co has entered into an investment agreement with Tianjin Wuqing Hexiwu town government to construct and operate a central kitchen in Hexiwu Town Food Zone.
November 19, 2018