SATS

Re: SATS

Postby winston » Tue Oct 27, 2009 8:48 am

Not vested.

SINGAPORE AIRPORT TERMINAL SERVICES - BNP Paribas raised its target price on Singapore Airport Terminal Services to S$3.39 from S$3.24 following a revision on its earnings forecasts.

Source: Reuters
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Re: SATS

Postby millionairemind » Wed May 05, 2010 7:04 pm

May 5, 2010, 8.05 am (Singapore time)

SATS's Q4 net profit up 10.2% at $46.5m

By BERNICE BONG

SINGAPORE - Singapore Airport Terminal Services Limited (SATS) posted a 10.2 per cent year-on-year increase in net profit to $46.5 million for the fourth quarter ended March 31, 2010.

Group revenue also rose, up 19.6 per cent year-on-year to $390.6 million. This was mainly due to the full consolidation of its wholly-owned subsidiary, Singapore Food Industries (SFI), which contributed revenue of $165.1 million and higher aviation revenue of $218.7 million.

SATS acquired SIF in April 2009.

Earnings per share for Q4 were 4.3 cents, up 10.3 per cent from the previous corresponding quarter.

For the full year ended March 31, 2010, net profit was up 23.5 per cent at $181.2 million while group revenue increased 44.0 per cent to $1,538.9 million.

SATS attributed the rise in revenue to SFI's contribution as well as better performance by ground handling associates in Indonesia and Hong Kong.

SATS has proposed a final dividend of 8 cents per share, which would bring the total annual dividend to 13 cents per share. If approved, the final dividend will be paid on Aug 18, 2010.

The Group is optimistic about its future, expecting to see an improvement in activity levels in this financial year as airlines gradually reinstate capacity with increased flights and cargo throughput.
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Re: SATS

Postby winston » Thu Oct 21, 2010 6:36 pm

Not vested. From OCBC:-

PE 17; EPS growth 10% ?

Maintain BUY with S$3.30 fair value.


We continue to like SATS for its growth opportunities, consistently strong operating
cashflows and excellent management.

The recent launch of the first-ever city check-in and baggage acceptance service with Marina Bay Sands and contract win to provide ground handling services for SIA in Hong Kong are testaments to the group's ability to innovate quality services and expand its
market presence, in our view.

We are keeping our DCF-based fair value of S$3.30 pending the release of its 2QFY11 results (cost of equity: 8.5%, terminal growth rate: 1%).

At current level, we see an attractive 17.0% upside potential in the stock. As such, our BUY rating on SATS remains.


http://www.remisiers.org/cms_images/SATS-101021-OIR.pdf
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Re: SATS

Postby winston » Wed Nov 03, 2010 8:20 am

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SATS LTD - SATS said on Tuesday its second quarter net profit rose 10.5 percent to S$45.2 million from a year earlier, boosted by higher catering revenue from providing meals for the Youth Olympic Games and higher contribution from its UK operations.


Source: Reuters
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Re: SATS

Postby winston » Mon May 16, 2011 9:04 am

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Singapore airport services firm SATS said its fourth quarter net profit grew 9 percent to S$50.7 million, helped by higher revenue contribution from aviation revenue.


Source: Reuters
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Re: SATS

Postby winston » Wed Jul 27, 2011 8:45 am

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Singapore airport services firm SATS said its net profit for the three months ended June 30 fell 4.1 percent to S$42.5 million from a year ago, weighed by higher operating expenses.


Source: Reuters
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Re: SATS

Postby winston » Mon Oct 03, 2011 8:25 am

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Singapore's SATS in talks to sell UK operations

SINGAPORE, Oct 3 (Reuters) - Singapore food company SATS said over the weekend it was in talks to sell its stake in UK-based Daniels Group, whose products include fresh soup and chilled ready meals.

"As part of its strategic review of options for the Daniels Group, the company is in discussions with third parties in connection with a potential sale," SATS said in a filing to the Singapore Exchange.

SATS said the discussions were "presently at a stage where there is no certainty that a definitive agreement may be arrived." Media reports had said SATS was seeking to raise about 150 million pounds ($233 million) from the sale.

Source: Reuters
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Re: SATS

Postby winston » Mon Oct 17, 2011 8:46 am

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Singapore's SATS, which provides ground-handling and food-related services for airlines, said on Friday it handled 28,600 flights and 9.5 million passengers in its second quarter, a 11 percent and 7 percent increase, respectively, from a year earlier.

Source: Reuters
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Re: SATS

Postby winston » Thu Oct 27, 2011 8:34 am

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Singapore food and aircraft ground handling firm SATS said on Tuesday it has sold Daniels Group, its non-aviation food business in Britain for as much as 164 million pounds ($262 million).

Source: Reuters
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Re: SATS

Postby winston » Wed Feb 08, 2012 9:23 am

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Ground handling firm Sats said its third quarter net profit fell 25 percent to S$38.2 million ($30.68 million) from a year ago, weighed by a loss on the disposal of its British food business Daniels Group.

Source: Reuters
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