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SATS reports loss of $29.9 mil for 1QFY2024, its first financial statement since WFS acquisition
SATS had a greater loss per share of 2 cents, but its group revenue increased to $1.2 billion in this period.
August 15, 2023
Aviation & Engineering
SATS announces new organisational structure and new key executive appointments
“The changes in the organisational structure and leadership is an expression of SATS’ transition into a global company."
June 16, 2023
Results
SATS reports loss of $26.5 mil for FY2022/2023 due to one-off merger and acquisition expenses
The group has declared no dividends for the period.
May 29, 2023
New appointments
Sats includes WFS key members to its global management board
The inclusion of the three key members of WFS is a recognition of their contributions, track record and experience.
May 03, 2023
Broker's Calls
Completion of SATS's WFS acquisition lifts share price overhang, says CGS-CIMB
CGS-CIMB Research analysts have kept their 'add' call and target price of $3.10 on SATS.
April 12, 2023
Broker's Calls
Sats acquisition of WFS provides attractive buying opportunities: CGS-CIMB
CGS-CIMB has maintained their “add” rating for Sats with a lower TP of $3.10 from $3.21 previously.
March 01, 2023
Aviation & Engineering
Competition watchdog clears proposed acquisition of WFS by Sats
The proposed acquisition will not result in a "substantial lessening of competition" within any market in Singapore: CCCS.
January 27, 2023
M&A
Sats shareholders approve WFS acquisition, projected to be completed by April 2023
96.8% of of the total number of votes at the EGM voted in favour of the transaction.
January 18, 2023
Broker's Calls
CGS-CIMB lowers target price on Sats after WFS funding plan revealed
Under the analysts' model, they expect a potential earnings dilution of about 5% in 2024.
December 05, 2022
Aviation & Engineering
Sats reveals funding structure for WFS acquisition
Sats has not revealed the rights issue ratio or the issue price for the rights shares yet.
December 01, 2022