SATS
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Sats
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It seems like with the share buy back by SAT everyday, the price is determined to go below $3?
bro steven, care to share your view about SATs?
Thanks
stevenk ( Date: 17-Aug-2014 14:50) Posted:
stevenk ( Date: 10-Aug-2014 22:18) Posted:
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stevenk ( Date: 10-Aug-2014 22:18) Posted:
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Caution. Going down.
Good dividend stock
Worth buying ?
selling overdone.
div 8cents = $80 per lot.
which is 2.5% based on $3.10 share price.
better than FD lah.
Published May 23, 2014
SATS Q4 profit slides 7.8%
Weaker revenue, lower contributions from associates, JVs hurt bottom-line
AIRPORT services provider SATS' s net profit slipped 7.8 per cent from a year earlier to $42.6 million for the fourth quarter ended March 31, 2014, on the back of weaker revenue and lower contributions from associates and joint ventures.
Excluding one-off items, underlying net profit from continuing operations would have slumped 31 per cent to $43.5 million. In the year-ago quarter, the firm incurred a $16.8 million loss from discontinued operations when its UK subsidiary Daniels Group was sold in October 2011.
Revenue fell 3.2 per cent to $434.6 million as the food solutions business posted a 5.7 per cent decline to $266.3 million owing to translation losses from Japan-based unit TFK due to the weaker yen.
Revenue from gateway services edged up 1.1 per cent to $167.1 million, due to a slight uptick in the number of flights (6.7 per cent) and air freight handled (4.4 per cent). Meanwhile, unit meal volumes at Changi Airport were down 6.3 per cent, largely due to Australia' s Qantas Airways shifting its hub for European flights from Singapore to Dubai last year.
Published May 23, 2014
SATS: Why it pulled out of SCC deal
SATS' decision against going ahead with the $110 million acquisition of the Singapore Cruise Centre (SCC) - a decision it made jointly with Temasek Holdings - was based on developments in the Asian cruise market, its chief executive Alex Hungate has said. SATS had last year unveiled plans to buy SCC from Temasek, but announced last week that it was pulling out of the deal.
" It was based on developments in the Asian cruise market and subsequently, we talked about the growth in the large technical cruise ships coming to Asia," Mr Hungate said, in a reference to the recent announcement that Royal Caribbean would offer year-round sailings from Marina Bay Cruise Centre (MBCC). SATS owns MBCC.
The global cruise operator, which has its Mariner of the Seas vessel at MBCC during the northern hemisphere' s winter months, now plans to move its Legend of the Seas ship to Singapore during the summer months too, in a nod to Singapore' s status as a year-round cruise centre.
Mr Hungate said: " This way, we can start to make money - hopefully, all the way through the year." He noted that previously, losses in the summer months would drag down the stronger performance from the winter months.
Dividend has been reduced from15 cents (last FY) to 13cents this FY ...
Disappointing results.
sorry post on wrong tread . please ignore
stats chippac is no 4.
asx market cap USD9.17b
spil market cap USD4.57b
amkr market cap USD2.22b
all are profitable, who could benefit more to GO for stats?
think Sats may test $3.24.
sporeshare.blog spot
- SATS will not be proceeding with the acquisition of Singapore Cruise Centre (SCC).
- Mutually agreed between Purchasers and Vendor to terminate the Sale and Purchase Agreement.
- We revise existing TP downwards after stripping out previously forecasted contribution from SCC, to arrive at new TP of S$3.37 (subject to change again when SATS announces Full Year FY2014 financial results the following week on 22 May).
What is the news?
SATS made an announcement on 12 May after market hours that the Purchasers (SATS' subsidiaries, SATS Airport Services Pte. Ltd. and SATS-Creuers Services Pte. Ltd.) and the Vendor (Hazeltree Holdings Pte. Ltd.) have agreed to terminate the Sale and Purchase Agreement for the proposed acquisition of SCC. The decision was made after consideration of cruise line market developments in Asia. SATS will continue to focus on the successful operations at Marina Bay Cruise Centre (MBCCS).
How do we view this
We spoke to SATS Management to gain clarity over market developments in Asia, and were told that there is a trend for bigger ships to ply the routes and berth in Singapore and that the existing HarbourFront Terminal is not able to accommodate the larger ships due to height restrictions imposed by the cable car line.
This is a positive development for MBCCS as there is no height restriction imposed there and all the large ships would berth there, benefiting SATS which is already the terminal operator at MBCCS through its 60:40 SATSCreuers JV.
With such a trend of larger ships, SATS would likely not be able to realise the returns that was previously envisaged through the investment in SCC. The fixed costs and probable under-utilisation associated with SCC would result in a drag on the overall financial performance of SATS.
Investment Actions
We strip out future contributions from SCC and reverse FY15F cash investment outlay from our previous forecast and revise our
TP downwards to S$3.37 (Accumulate). At the same time, we highlight that SATS will be announcing its Full Year FY2014 results the following week on 22 May, and TP is subject to change.
Source: Phillip Securities Research - 14 May 2014
SATS cancels plan to buy terminal operator.
what is the implication? Good for SATS ??
Agree
spore1 ( Date: 13-Apr-2014 15:11) Posted:
seems weak. may trade lower
spore1 ( Date: 18-Mar-2014 08:04) Posted:
| looking gd to head higher
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seems weak. may trade lower
spore1 ( Date: 18-Mar-2014 08:04) Posted:
looking gd to head higher
New123 ( Date: 26-Dec-2013 08:25) Posted:
| Updates for SATS at http://sporeshare.blogspot.sg/2013/12/sats.html |
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may move up to test $3.09
spore1 ( Date: 18-Mar-2014 08:04) Posted:
looking gd to head higher
New123 ( Date: 26-Dec-2013 08:25) Posted:
| Updates for SATS at http://sporeshare.blogspot.sg/2013/12/sats.html |
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| SATS Ltd-Likely bearish reversal at key resistances |
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By Philip Teo, OCBC
Fri, 14 Mar 2014, 15:26:36 SGTLikely bearish reversal at key resistances Key resistances likely to hold.
SATS Ltd could potentially see a bearish reversal ahead after showing signs of topping out just below its key 6-month downtrend resistance and $3.08 key support-turned-resistance this following its recent sharp run-up.
Target price at $2.84.
The counter could possibly slide towards the next key base at $2.84 (key resistance-turned-support) in the weeks ahead.
Stop loss level at $3.13.
Meanwhile, we advocate a stop-loss exit for short sellers around $3.13, which is slightly above the firm resistance of $3.08. ...last: $3.07... |
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