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Sats
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rledchg11
Member |
06-Apr-2023 10:57
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thanks for the reminder... :)) then, even better... buy more... a bit and a bit... :))
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Wordee
Senior |
06-Apr-2023 10:08
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Construction on Changi Airport' s Terminal 5 (T5) is expected to start in 2025, with the terminal to be operational around the mid-2030s, announced Transport Minister S Iswaran on Friday (Mar 3)
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rledchg11
Member |
05-Apr-2023 15:11
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me wait for T5 :)))
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behonest
Senior |
04-Apr-2023 19:41
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So what ur target ?
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Joelton
Supreme |
04-Apr-2023 08:38
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Sats is rallying after months in doldrums as investors look past dilution from rights
Since mid-March, Sats' shares have been rebounding. It closed Monday (Apr 3) at $2.78, representing a 16.8 per cent gain from its Mar 14 close
SATS has had a turbulent six months. After announcing it was in talks to buy the world&rsquo s largest air cargo handler Worldwide Flight Services (WFS), the company&rsquo s shares fell from S$4.09 to a low of S$2.38.
Since mid-March, however, the stock has been rebounding. It closed Monday (Apr 3) at S$2.78, representing a 16.8 per cent gain from its Mar 14 close.
Sats&rsquo rights shares, issued to raise money for the acquisition, commenced trading on Mar 29. And the company announced on Apr 3 that it had completed the acquisition.
With the overhang of the rights issue and the deal completion removed, it appears investors are expecting better days for the stock.
Recent headwinds
Short-selling of Sats had been heavy since the start of this year, according to analyst Brian Freitas of Periscope Analytics, who publishes on Smartkarma, with short-selling crossing 40 per cent of traded volumes in the week ending Feb 17.
Downward pressures continued after Sats announced it would issue 363.1 million new shares at S$2.20 apiece to raise S$798.8 million.
Shareholders were entitled to 323 rights shares for every 1,000 shares held.
The rights issue price of S$2.20 apiece represented a 20 per cent discount to Sats&rsquo last transacted price of S$2.75 on Feb 20, and a 16 per cent discount to its theoretical ex-rights price of S$2.62 per share.
Trading of the rights between Mar 7 and Mar 15 also contributed to the depressed share price. According to Shareinvestor data, the rights were trading as low as S$0.166 on Mar 14. This would have weighed on Sats&rsquo shares, as investors had the cheaper option of buying the rights instead of the stock.
UOB Kay Hian analyst Roy Chen observed in March that there was an overhang from rights trading, and the S$2.42 share price on Mar 10 implied a post-acquisition market cap of S$3.6 billion for Sats.
This was below Sats&rsquo market cap of S$4.35 billion when the WFS acquisition was announced. Factoring in the additional S$800 million in equity fundraising, Sats&rsquo market cap should have been at least S$5.15 billion.
Sats&rsquo reduced market capitalisation, in turn, created some risk it would be dropped from the Straits Times Index (STI) during the March index review.
The share price slide over the last six months had resulted in Sats becoming the smallest STI constituent.
Singapore Exchange market strategist Geoff Howie noted that Sats had a market cap of S$3.1 billion as at Feb 20, and was the 38th largest stock by market capitalisation within the FTSE ST All-Share Index. Had the stock ranked 41st or lower, it would have been omitted from the STI.
As the smallest index stock, Sats was also at risk of being displaced by a larger entity.
Sembcorp Marine&rsquo s acquisition of Keppel Offshore & Marine in February more than doubled the former&rsquo s market capitalisation, which could have resulted in an index inclusion.
Fortunately for Sats, the acquisition was only completed after the deadline for the March index review and there were no changes to the STI.
Looking ahead
Sats has been rallying over the past three weeks as investors look beyond these recent headwinds.
Sats&rsquo market cap has increased to S$4.1 billion as at Apr 3, ranking it above Keppel DC Reit on the STI and out of immediate risk of an index deletion.
Recent earnings releases from both Sats and WFS show improvements in their respective businesses.
Sats reported revenue of S$475.7 million in the third quarter ended December 2022, up 54.5 per cent on year. Net profit fell to S$0.5 million, down from S$5.1 million in the year-ago period, largely due to merger and acquisition costs.
Without government relief, the company would have recorded a net loss of S$13.7 million. This was less than the S$33 million loss for the year-ago period, which analysts said showed improving profitability.
Meanwhile, WFS posted a 16.5 per cent jump in its adjusted earnings before interest, taxes, depreciation and amortisation to 58.7 million euros (S$84.9 million) for the quarter to December. Revenue rose 19.9 per cent to 514.4 million euros.
Of the six analysts that provided a target price for Sats this year, there were three &ldquo buys&rdquo and three &ldquo holds&rdquo , with an average target price of S$3.15, according to Bloomberg data.
There are clear opportunities for Sats as it becomes a larger, globally-diversified player, but the risks of execution and integration remain, as does the uncertain economic environment.
This is apparent from the valuation of the counter, with Sats&rsquo market cap still lagging the levels before the deal was announced.
Management has a great deal to prove.
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Maller
Elite |
03-Apr-2023 13:39
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Collecting now? Dyodd | ||||
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kt3152
Supreme |
03-Apr-2023 11:11
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These days if you apply rights just key in the total amount (including the excess qty) you want to apply.....
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pingping711
Member |
01-Apr-2023 22:16
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Thank u... me first time experienced rights issue, so, still learning how it works :)
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behonest
Senior |
01-Apr-2023 22:07
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Yes. Don' t worry you are not first one to be confuse with this , I also. I have actually call b they explain to me how it work
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pingping711
Member |
01-Apr-2023 21:38
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Oh, thank u Behonest... u understand my question.. just to make it even clearer: if I have 1000 SATS shares reflected in POEMs act, but CDP account shows 2000 (bcoz I subscription to SATS rights issue), I can go ahead to sell 2000 directly in my POEMS acct if I want to and it will go thru successfully in POEMS right?
Gam siah everyone who have helped me with this question! :)
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behonest
Senior |
01-Apr-2023 18:28
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But do you understand how it' s work?
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neo8180
Member |
01-Apr-2023 17:17
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huh? yours more long winded and technical lor iocbc stop using few yrs ago, change to custodian? but i did said sell through brokers that linked to CDP account hor. 
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behonest
Senior |
01-Apr-2023 14:56
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Ah Neo. He don' t understand if you explain in technical term. Must explain in layman term. ah ping , what they are saying is if you use poem purchasing sats right and excess , those right and excess won' t reflect in poem. It will only reflect either in cdp if you use cash to buy or cpfis-oa (bank) if you use cpf. so when you want to sell all the shares including rights and excess, check cdp or cpfis-oa(bank) account how many share you have , don' t worry your poem show lesser than cdp or cpfis-oa , you can still key the amount of share you have in cdp or cpfis-oa to sell hope that help hermano Ah Neo better check iocbc is custodian account don' t think iocbc link to cdp
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neo8180
Member |
01-Apr-2023 09:41
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You don' t have to transfer. just sell it when you want to, sell through broker that link to your cdp account, poems, iocbc, vicker...
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pingping711
Member |
01-Apr-2023 09:35
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Thanks for ur reply! I am using POEMS now and my SATS rights issued is only reflected in my CDP account, and not in my POEMS acct, so I wonder how to trade the SATS rights issued? TIA!
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zhixuen
Veteran |
31-Mar-2023 22:16
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You don?t have to transfer. Your platform will only show the amount of shares that you bought through. When you sell the shares the broker house will match against CDP.
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pingping711
Member |
31-Mar-2023 21:17
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I have received the excess shares that I have subscribed as I can see that in my CDP account. Can anyone please tell me how to transfer the shares to trade in POEMS or other platform? Thanks! | ||||
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behonest
Senior |
30-Mar-2023 19:23
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What new target? | ||||
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robinvanjo
Member |
30-Mar-2023 19:07
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SATS Ltd.' s (SGX:S58) largest shareholders are retail investors who were rewarded as market cap surged S$191m last weekSimply Wall StMarch 20, 2023
 Key Insights
Every investor in SATS Ltd. (SGX:S58) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are retail investors with 47% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Clearly, retail investors benefitted the most after the company' s market cap rose by S$191m last week. Let' s take a closer look to see what the different types of shareholders can tell us about SATS. See our latest analysis for SATS  SGX:S58 Ownership Breakdown March 20th 2023 What Does The Institutional Ownership Tell Us About SATS?Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it' s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that SATS does have institutional investors and they hold a good portion of the company' s stock. This suggests some credibility amongst professional investors. But we can' t rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It' s therefore worth looking at SATS' earnings history below. Of course, the future is what really matters.  SGX:S58 Earnings and Revenue Growth March 20th 2023 Hedge funds don' t have many shares in SATS. Our data shows that Temasek Holdings (Private) Limited is the largest shareholder with 40% of shares outstanding. For context, the second largest shareholder holds about 1.9% of the shares outstanding, followed by an ownership of 1.7% by the third-largest shareholder. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 18 shareholders, meaning that no single shareholder has a majority interest in the ownership. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock' s expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of SATSThe definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that SATS Ltd. insiders own under 1% of the company. It' s a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own S$26m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. General Public OwnershipThe general public, who are usually individual investors, hold a 47% stake in SATS. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Private Equity OwnershipWith an ownership of 40%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don' t invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. Next Steps:I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Valuation is complex, but we' re helping make it simple.Find out whether SATS is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health. |
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SmallSmall
Supreme |
30-Mar-2023 16:31
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May close $2.83
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