SATS

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SATS announces further pay cuts, warns Covid-19 expected to 'substantially' impact earnings
https://www.theedgesingapore.com/capita ... lly-impact

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SATS braces for 60-70% plunge in 4Q profits as Covid-19 storm stalls global air travel
https://www.theedgesingapore.com/news/r ... air-travel

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SATS expects 60-70% profit loss in Q4
https://sbr.com.sg/food-beverage/news/s ... loss-in-q4

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SATS reports net loss of $6.3 mil in 4Q20 as Covid-19 halts air travel
https://www.theedgesingapore.com/capita ... air-travel

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Analysts turn negative on SATS following losses in 4Q20
https://www.theedgesingapore.com/capita ... osses-4q20

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SATS posts net loss of 43.7 mil in 1Q20/21
https://www.theedgesingapore.com/capita ... mil-1q2021

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SATS posts $33.2m loss in Q2
https://sbr.com.sg/aviation/news/sats-p ... loss-in-q2

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SATS swings into 3Q loss of $2.8 mil amid travel restrictions
https://www.theedgesingapore.com/capita ... strictions

[winston]

not vested

SATS Ltd (SATS SP) - Boost from strong cargo demand

SATS’s results came in within our expectations.

3QFY21 revenue fell 54% YoY to SGD251.0m while PATMI loss narrowed from SGD33.2m last quarter to a loss of SGD2.8m in 3QFY21, thanks to strong cargo performance and government relief.

Management shared that SATS has handled inbound and transhipment of Covid-19 vaccine shipments across Asia.

With the rollout of vaccines, we believe that SATS is poised to benefit from vaccine shipment as a Certified pharma handler and a gradual recovery of travel demand ahead.

As it may take time for global rollout of vaccines and opening of international borders, we believe that SATS may have to rely on its non-aviation (17%/44% of FY20/9MFY21 revenue) segment and cargo services to support its revenue growth in the near to mid-term.

After adjustments, our fair value estimate increases from SGD4.31 to SGD4.95. BUY.

Source: OCBC

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Without government grants and reliefs of some $271.8 million, SATS would have seen a loss of $320.8 million.

SATS reports loss of $78.9 mil for FY20/21
https://www.theedgesingapore.com/capita ... mil-fy2021