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gateway services
Broker's Calls
SATS well supported by decent dividend yield, strong growth prospects: DBS
SINGAPORE (May 23): DBS Vickers Securities is remaining positive on SATS with a “buy” call and target price of $5.44, on the belief that Changi Airport and regional aviation growth will continue to drive the gateway services provider’s long-term ear
May 23, 2019
Broker's Calls
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.
January 11, 2019
Results
SATS posts 9% fall in 2Q earnings to $66 mil; declares 6-cent dividend
SINGAPORE (Nov 8): SATS Ltd, the provider of gateway and food solutions, has announced 2Q19 earnings of $65.7 million, down 9% from $72.2 million a year ago in the absence of a one-off gain on disposal of assets held for sale, as well as lower contributio
November 08, 2018
Aviation & Engineering
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.
June 14, 2018
Broker's Calls
Steady fundamentals keep SATS's long-term outlook above ground
SINGAPORE (May 31): UOB Kay Hian, DBS Vickers Securities and Maybank Kim Eng are maintaining their “buy” calls on SATS post the gateway services and food solutions provider’s release of its 4Q18 results, which declined from a year ago due to lower
May 31, 2018
Results
SATS posts 16.3% rise in 2Q earnings to $72.2 mil on higher overseas contributions
SINGAPORE (Nov 9): Gateway solutions provider SATS has announced $72.2 million in earnings for 2QFY17-18, up 16.3% from $62.1 million in the same period a year ago on higher overseas contributions and a one-off gain.
November 09, 2017
Broker's Calls
Time to play the waiting game on SATS
SINGAPORE (Aug 30): OCBC Investment Research is keeping its “hold” call on SATS and raising its fair value to $4.70 from $4.20 previously, based on the group’s current lofty valuations.
August 30, 2016
SATS wins tender to build and operate Saudi cargo terminal
SINGAPORE (Aug 22): Ground handling and inflight catering service provider SATS has been awarded a tender to build and operate a cargo terminal within Saudi Arabia’s new cargo village in Dammam, which is in the vicinity of King Fahd International Airpor
August 22, 2016