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SATS Ltd' s Media Release:
GROUP FINANCIAL POSITION (as at 30 June 2017)
As at 30 June 2017, the Group had total assets of $2.3 billion. Cash and short-term deposits
increased $38.8 million to $544.6 million. The increase was mainly due to cash generated from
operations.
Free cash flow generated during the first three months amounted to $27.7 million and debt-to-
equity ratio remained healthy at 0.06 times.
OUTLOOK
There is no indication that low yields across the airline industry will improve in the near future, so
pricing pressure on SATS is expected to continue.
However, the growth in air travel, eCommerce and demand for high quality, safe food remain
strong. Therefore, we intend to make further investments in capital and new business
opportunities in additional locations in the coming year to prepare for the future.
We will also continue to increase the use of technology to improve productivity, gain greater
scale economies and link our regional operations to serve our customers better.
GROUP FINANCIAL POSITION (as at 30 June 2017)
As at 30 June 2017, the Group had total assets of $2.3 billion. Cash and short-term deposits
increased $38.8 million to $544.6 million. The increase was mainly due to cash generated from
operations.
Free cash flow generated during the first three months amounted to $27.7 million and debt-to-
equity ratio remained healthy at 0.06 times.
OUTLOOK
There is no indication that low yields across the airline industry will improve in the near future, so
pricing pressure on SATS is expected to continue.
However, the growth in air travel, eCommerce and demand for high quality, safe food remain
strong. Therefore, we intend to make further investments in capital and new business
opportunities in additional locations in the coming year to prepare for the future.
We will also continue to increase the use of technology to improve productivity, gain greater
scale economies and link our regional operations to serve our customers better.
In 2016 qtr 1 there was an extraord gain of $9.3m gain on disposal of assets so in effect there is a net profit gain of 3.2% which is not too bad.
It may have already been sold down and there is a dividend of 11c xd on 25th July. On the positive note, the growth in air travel, ecommerce and safe food
will perhaps overtake the low yield in air travel.
It may have already been sold down and there is a dividend of 11c xd on 25th July. On the positive note, the growth in air travel, ecommerce and safe food
will perhaps overtake the low yield in air travel.
Latest results for Q1FY2018 shows ✔ ️ revenue 0.5% up at sgd426.5 million and ✔ ️ net profit up 3.2% at sgd1.8 million.
http://www.businesstimes.com.sg/companies-markets/sats-q1-net-profit-falls-106-in-absence-of-one-time-gain
NET profit at SATS Ltd fell by a year-on-year 10.6 per cent to S$57.3 million for the three months ended June 30 due the absence of one-time gain. Underlying net profit had inched up by 3.2 per cent.
Revenue was 0.5 per cent higher at S$426.5 million for the first quarter of financial year 2018, the aviation food solutions and gateway services provider said in a release after market close on Friday. Earnings per share fell by 12.1 per cent to 5.1 cents.
SATS said that its net profit fell by S$6.8 million, mainly due to the absence of last year's gain from the sale of the Senoko plant. But underlying net profit improved by S$1.8 million.
Looking ahead, SATS said that low yields will continue to weigh on the aviation industry. It, however, is bullish about the growth in air travel, e-commerce and demand for high quality, safe food, and therefore intends to invest more in capital and new business opportunities in more locations in the coming year.
Results Q2/2017. Not that pleasing to the eye. Stagnant on basis of underlying profit but across majority profitability measures it decrease. Revenue flat at best. Selling pressure perhaps next week.
Hmm...back to norm again?? birdie..hello..birdie
earlybird2017 ( Date: 31-May-2017 10:05) Posted:
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oh...bird bird r here. nice to see u. ^_^
earlybird2017 ( Date: 31-May-2017 10:05) Posted:
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2nd round short selling started. Tp 4.8+
SATS price range are range bounds and flatten on top at 5.30+ Few months.
If the company can't grow in next 2-3 quarters, it will become shortsellers targets unavoidably.
If the company can't grow in next 2-3 quarters, it will become shortsellers targets unavoidably.
Only so if sia continue to feed it with traffic, once sia change tact result would tumble as sg don had a domestic aviation market to fall back. It depend heavily on sia to bring in the traffic, same go for changi group too.
This counter has progressive dividend.
Once sia cut cost plan leak, down go sats fast and sharp.
The clock strikes twelve for Cinderella.
Hehe...
temp123 ( Date: 11-May-2017 16:44) Posted:
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Hidden worms may shown up soon !
sengsk ( Date: 22-May-2017 08:45) Posted:
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Sia group review very bad for this counter, capacity cut or flight reduction would signif8cant cut changi traffic. See if temasek would privatise sia to stave off cost cutting. This one got lot of meat to cut as it overvalue 30%
Its Time to Sell Sell
My sell order filled. All foreign brokerages.
some BB started the automated trading to buy up this counter...
leongyan ( Date: 31-Mar-2017 17:05) Posted:
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got some at 4.77 today.. closed at 4.88..
leongyan ( Date: 31-Mar-2017 16:36) Posted:
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good correction today
temp123 ( Date: 23-Mar-2017 14:14) Posted:
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