SATS

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. 

Results

SATS posts 13.9% drop in 3Q earnings to $59.3 mil on higher expenses

SINGAPORE (Feb 13): Airline gateway services and food solutions provider SATS saw its earnings fall 13.9% to $59.3 million for 3QFY19-20 ended December 2019, from $68.9 million a year ago.

CoVid-19

Aviation downgraded to 'underweight' amid flight cancellations, capacity cuts: UOBKH

SINGAPORE (Feb 4): UOB Kay Hian has downgraded the aviation sector to “underweight” as rising fears of the novel coronavirus outbreak have led to numerous flight cancellations and capacity cuts.

CoVid-19

Singapore confirms first case of Wuhan virus. Here's what investors need to know

SINGAPORE (Jan 24): Singapore’s stock market is expected to be rattled on Friday, after the Asian financial hub on Thursday evening announced its first confirmed case of the deadly Wuhan virus that

AVIATION & ENGINEERING

ST Engineering achieves record-high order book; SIA Group improves revenue and efficiency

SINGAPORE (Dec 20): It has been a good year for engineering group ST Engineering, which has seen all-round growth from its various business units.

Investing ideas

Singapore aviation services poised to continue to soar: Maybank

SINGAPORE (Nov 26): Maybank Kim Eng Research is positive on the Singapore aviation services sector for 2020, with a pick up in the number of events in 2020 expected to fuel the sector’s continued o

Results

SATS sees 2Q earnings slide 7.6% to $60.7 mil as higher expenditure outweighs revenue growth

SINGAPORE (Nov 12): Airline gateway services and food solutions provider SATS reported earnings of $60.7 million for 2Q19-20 ended September, some 7.6% lower than earnings of $65.7 million a year a

M&A

SATS to sell 30% stake in Taj Madras Flight Kitchen to Indian JV for $3.5 mil

SINGAPORE (Sept 29): Airline gateway services and food solutions provider SATS is selling its 30% stake in its inflight catering facility in India, Taj Madras Flight Kitchen, to Taj SATS Air Cateri

Investing ideas

SATS shares tumble after 1Q earnings miss as headwinds mount

SINGAPORE (July 23): Airline gateway services and food solutions provider SATS has seen its share price tumble more than 9% since last week.

Results

SATS posts 14.4% drop in 1Q earnings to $54.7 mil

SINGAPORE (July 18): Food solutions and gateway services provider SATS posted a 14.4% drop in earnings to $54.7 million for the 1Q19-20 ended June, falling from $63.9 million a year ago.

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