SATS

Singapore market 'awakening', look beyond 3Q2020: DBS - THE EDGE SINGAPORE

Broker's Calls

Singapore market 'awakening', look beyond 3Q2020: DBS

The Singapore market is awakening and the worst of the earnings cuts has passed, say DBS Group Research analysts Yeo Kee Yan and Janice Chua in an Oct 13 report. 

Uncertain outlook for aviation sector heading into 2021: UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

Uncertain outlook for aviation sector heading into 2021: UOB Kay Hian

UOB Kay Hian has maintained a “neutral” outlook on the Singapore aviation sector even as the newsflow on the opening up of borders and the distribution of a vaccine are gaining momentum. 

Broker's Calls

'Buy' SATS now as air travel could recover faster than expected: DBS

As phase three clinical trials for about 10 vaccines are currently underway, DBS Group Research believes that airline food caterer SATS will recover faster than expected.

Broker's Calls

Gloomy outlook for aviation sector, but vaccines could benefit SATS and ST Engineering: UOB Kay Hian

Singapore’s aviation sector still has dark clouds looming over it even into 2021, but the race for a Covid-19 vaccine may benefit some companies.

Broker's Calls

SATS to be loss making in FY21 amid bleak IATA forecast: DBS

In view of the slow recovery in air travel, SATS is expected to incur a net loss in FY21, according to DBS Group Research.

Broker's Calls

SATS's recovery only 'meaningful' if green lanes allow discretionary travel: CGS-CIMB

SATS’s recovery, which is largely dependent on the easing of air travel restrictions, will only be “meaningful” if green lanes allow discretionary travel, according to CGS-CIMB Research.

Aviation

SATS's non-aviation business the lone bright spot in 1Q

As travel restrictions to curb the spread of Covid-19 came into full force in 2Q this year, demand for air travel had plunged to a dramatic low, hurting not just airlines but also SATS, which provi

Broker's Calls

Analysts mixed on SATS after 1Q loss, lower revenue

Analysts are mixed on the prospects of SATS, following the aviation caterer’s weaker set of results in 1QFY21.

Results

SATS posts net loss of 43.7 mil in 1Q20/21

Food solutions and gateway services provider SATS posted a net loss of $43.7 million for the 1Q20/21 ended June, falling from earnings of $54.7 million a year ago.

Insider moves

SATS chairman, CEO and directors buy shares after BlackRock sale

US asset manager BlackRock is no longer a substantial shareholder of SATS, the provider ground handling services and catering to airlines.

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