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Worldwide Flight Services (WFS)
Broker's Calls
Completion of SATS's WFS acquisition lifts share price overhang, says CGS-CIMB
CGS-CIMB Research analysts have kept their 'add' call and target price of $3.10 on SATS.
April 12, 2023
Broker's Calls
Sats acquisition of WFS provides attractive buying opportunities: CGS-CIMB
CGS-CIMB has maintained their “add” rating for Sats with a lower TP of $3.10 from $3.21 previously.
March 01, 2023
Aviation & Engineering
Competition watchdog clears proposed acquisition of WFS by Sats
The proposed acquisition will not result in a "substantial lessening of competition" within any market in Singapore: CCCS.
January 27, 2023
M&A
Sats shareholders approve WFS acquisition, projected to be completed by April 2023
96.8% of of the total number of votes at the EGM voted in favour of the transaction.
January 18, 2023
Broker's Calls
CGS-CIMB lowers target price on Sats after WFS funding plan revealed
Under the analysts' model, they expect a potential earnings dilution of about 5% in 2024.
December 05, 2022
Aviation & Engineering
Sats reveals funding structure for WFS acquisition
Sats has not revealed the rights issue ratio or the issue price for the rights shares yet.
December 01, 2022
Investing ideas
Is beaten-down Sats worth buying at current levels?
Analysts are positive about the WFS acquisition in the long term, but have more mixed sentiments in the near term.
November 24, 2022
Broker's Calls
UOB Kay Hian upgrades SATS to 'buy' after sharp drop in share price
Since SATS’ first trading halt on Sept 21, its share price has declined 33% from $4.06 to $2.72, its closing price as at Oct 18.
October 19, 2022