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SATS
Aviation & Engineering
Sats proposes to acquire general cargo handling operations at Amsterdam airport
Shares in Sats closed 1 cent lower or 0.27% down at $3.65 on Aug 30.
August 30, 2024
Results
Sats reverses into profit of $65 mil for 1QFY2025, revenue up 15.5% y-o-y
Operating profit, or ebit, grew more than 1,000% y-o-y to $112.9 million in 1QFY2025, up from just $7.9 million.
August 20, 2024
Broker's Calls
CGS International raises Sats’ target price to $4.10 on earnings upgrades
The analysts see Sats at an inflection point of better operating leverage and better margins ahead.
August 01, 2024
Company in the news
SATS to terminate lease for food hub
The group says it is currently looking at “identified sites” to relocate its proposed hub to an alternate location.
July 23, 2024
Disruption and Digitalisation
SATS, SIA Engineering and Changi Airport Group to trial autonomous buses starting 3Q2024
The autonomous bus trail will be monitored by an on-board safety driver and conducted in two phases, notes the release.
July 17, 2024
Disruption and Digitalisation
Sats signs MOU with China’s SF Group to expand strategic collaboration and supply chain optimisation
As at 10.25am, shares in Sats are trading 4 cents lower or 1.2% down at $3.30.
July 16, 2024
Aviation & Engineering
Sats revamps Gateway Services business to fuel growth in Singapore and APAC
This follows a stream of developments like the MOU with Kuehe+Nagel in 2023, and the acquisition of Swedish TT and APH this year.
July 10, 2024
Broker's Calls
Decarbonising the transportation sector in the race against climate change: RHB
The "“Net Zero Transport" report documents the current situation and action plans in Malaysia, Thailand, Singapore, and Indonesia.
July 09, 2024
Aviation & Engineering
Sats kicks off lounge upgrade programme with the first in Changi Airport Terminal 3
The upgraded lounge will feature a menu showcasing iconic Singaporean dishes in a heritage-inspired setting.
July 03, 2024