SATS Limited

SATS, PSA ink MOU to establish sea-air connectivity

SINGAPORE (May 9): SATS and PSA International on Thursday signed a memorandum of understanding (MOU) to provide cargo owners and logistics service providers with seamless connectivity.

This partnership plans to improve supply chain efficiency and to boost Singapore’s status as a key multimodal transport hub.

OCBC downgrades SATS back to 'hold' due to limited near-term upside

SINGAPORE (Jan 11): OCBC Investment Research is downgrading SATS back to “hold” while raising its fair value to $5.34 from $5.23 previously, after updating its cost of equity (COE) assumptions to factor in its latest share price rally.

This is because the research house sees diminishing upside in the near-term post SATS’s recent price appreciation, considering how trade tensions and weaker sentiment have impacted emerging market (EM) currencies and trade volumes.

SATS an attractive 'buy' at price levels below $5.15, says OCBC

SINGAPORE (June 14): OCBC Investment Research is upgrading its call on SATS Limited to “buy” from “hold” with an unchanged fair value of $5.50.

The upgrade comes on the belief that the counter now looks attractive at its Wednesday closing price of $5.06 – and will continue to remain so as long as it remains below the share price of $5.15, especially given the group’s expanding presence in Asia.

SATS is world’s first IATA-certified ramp services trainer; introduces IoT into technical ramp operations


SINGAPORE (Dec 15): SATS on Thursday announced that it is the first worldwide to be awarded International Air Transport Association (IATA) accreditation for ramp services training.

The airport ground handling and airline catering services provider says in an SGX filing that it is now an authorised training centre with exclusive rights to train ground handlers in 10 countries around the region.


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