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Monty’s Bakehouse

SATS expected to return to the black; upgraded to 'add' with higher TP $4.30: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

SATS expected to return to the black; upgraded to 'add' with higher TP $4.30: CGS-CIMB

CGS-CIMB has forecast SATS to register 3QFY2021 earnings of $3.5 million compared to the 2QFY2021 loss of $33 million.

M&A

SATS acquires aviation food solutions innovator Monty's Bakehouse for $48.4 mil

Monty's Bakehouse has been providing its range of sustainably-packaged, handheld snacks to a growing roster of premium airlines and other customer segments across the world.
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