SATS

Company in the news

Singaporean blue-chip stocks lose combined market cap of $863 mil after MSCI Singapore deletions

(June 1): Four Singaporean blue-chip stocks lost a combined market capitalization of S$863 million on Friday amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s

Broker's Calls

Retail REITs, retail and transport stocks poised to benefit from circuit breaker exit: DBS

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficia

Broker's Calls

Markets cheered by lockdown easing, but grim long-term outlook awaits

SINGAPORE (May 5): As the world begins to tentatively lift tough lockdown measures implemented in the wake of Covid-19, DBS Group Research has advised investors to look into Covid-19 casualties tha

Results

SATS braces for 60-70% plunge in 4Q profits as Covid-19 storm stalls global air travel

SINGAPORE (Apr 30): Airline gateway services and food solutions provider SATS is expecting to record a “material decline” in profit for 4QFY2019-20 ended March as the Covid-19 pandemic continues to

Aviation

Down but not out: Aviation workers take on temp public service roles amid suspension of flights

SINGAPORE (Mar 27): Steep cuts to airline operations amid the Covid-19 outbreak might have led to the grounding of thousands of workers in Singapore, but some employees at aviation firms here have

Broker's Calls

SATS earnings forecasts slashed, DPS projection trimmed as travel restrictions curb demand: DBS

SINGAPORE (Mar 19): DBS Group Research is slashing its earnings forecasts for airline gateway services and food solutions provider SATS, as new travel restrictions across the globe threaten to chok

CoVid-19

SATS announces further pay cuts, warns Covid-19 expected to 'substantially' impact earnings

SINGAPORE (Mar 9): Airline gateway services and food solutions provider SATS is slapping on more pay cuts amid the spread of the novel coronavirus (Covid-19).

M&A

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

SINGAPORE (Mar 2): Airline gateway services and food solutions SATS announced Monday it has acquired Monty’s Bakehouse UK for $48.4 million.

Investing ideas

Diversification, productivity improvements to help SATS weather the Covid-19 storm

SINGAPORE (Feb 17): SATS is one the companies that has to brace itself for the impact of a rapidly escalating Covid-19 situation. 

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