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5981-6000 of 6106
looking gd to head higher
New123 ( Date: 26-Dec-2013 08:25) Posted:
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Some airline catering company in Japan that SATS acquired.
yeeen123 ( Date: 18-Mar-2014 06:29) Posted:
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Regarding the previous post: What is TFK?
What is the meaning of ytd's announcement, " NOTICE OF TRANSFER OF TREASURY SHARES" ? The number of treasury shares before and after the transfer decreases.
TFK?s contribution to SATS has been lackluster since it was acquired in 2010, but this could be traced back to meal volumes resultant from uninspiring air traffic growth in Japan following the 2011 Tohoku earthquake, rising Sino-Japanese tensions since 2012 and falling JPY, which dented TFK?s SGD translated contributions. That said, Maybank KE highlights that positive developments are knocking at the door: 1) Rise in China visitation numbers to Japan 2) Steady growth in Japan Airlines international traffic 3) Expanding customer base. Longer term outlook also appears to be bright, with additional international slots at Haneda Airport and Japan?s continued emphasis to promote local tourism industry. A potential regional air services agreement between Japan and ASEAN would give a new flip to air traffic and hence, meal volumes at TFK. Maybank KE reiterates that SATS is still the proxy for structural trend in rising air traffic in the region, and reiterates Buy with TP $3.47.
Raising exposure to Indonesia SATS is acquiring a 41.65% stake in Indonesia-listed PT Cardig Aero Services (CAS) for ~$118m in cash, valuing the Indonesian food solutions and gateway services provider at 21.5x CY14e P/E. According to SATS, CAS is the leading player in the Indonesia aviation market with major int?l airlines such as SIA, as its customers. SATS has over 10 years of working relations with the CAS management, through its 49.8% owned associate PT JAS, which is CAS? largest customer (73% of CAS? sales). The deal will give SATS a better foothold in Indonesia - one of the most fastest growing aviation markets in Asia. While SATS would not get management control, it will be in a better position to drive the strategy and operational efficiency of CAS. While some observers highlight that the deal price is on the high side (50% premium to last VWAP), Maybank-KE views the acquisition positively, as it will still add ~3% to its FYMar15-16e earnings. Meanwhile SATS can comfortably fund this acquisition with its war chest of $355m. The house reiterates its Buy rating with TP $3.47.
Q and sold at 3.18 in view of the results. Now waiting for it to be oversold again.
Octavia ( Date: 12-Feb-2014 09:21) Posted:
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3QFY14 net profit missed estimates, being 8.7% y/y lower at $42.9m, while topline was shaved by 1.1% to $465.5m. Revenue from Gateway Services increased 4.3% to $173.3m, offset by Food Solutions which contributions dropped 3.9% to $291.1m in light of the weakening Yen. Japanese subsidiary TFK revenue fell 18%, but excluding yen business, yen revenue grew and TFK was profitable. In particular, in flight catering revenue fell 4.6% on loss of income from Qantas. Expenses were lower overall, while share of associate?s profits was 7.4% higher at $0.9m, supported by good performances in China/ Indonesia. Management guided that operating landscape remains challenging in view of ongoing pressure on airlines? profitability and rising labour costs, and expects modest growth at Changi Airport coupled by marginal growth in airfreight at best. That said, CS is optimistic towards SATS? medium to long term outlook driven by new growing businesses and Changi airport expansion. Deutsche says under its blue sky scenario (no M& A and gradual increase of leverage over 5 years, also factoring in transformation capex), it expects SATS dividend yield to potentially double from current 4-5%. SATS closed yesterday at 21x annualized 3Q13 P/E. NAV at end Dec was $1.224. No dividend declared in the quarter. Latest broker ratings: CS: Downgrades to Neutral from O/PF, with TP cut to $3.35 (from $3.70) Deutsche: Maintains Buy, but with TP cut to $3.43 (from $3.51) UOBKH: Maintains Hold with lower TP of $3.08 (from $3.24)
Moving up in anticipation of good results to be released tomorrow.
Secret_Squirrel ( Date: 06-Feb-2014 20:59) Posted:
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SATS shares want to chiong is quite easy because the number of shares in the market is not a lot.
- Exposure to regional aviation growth story.
- Riding the wave of international cruise passengers.
- Attractive dividend yield of 5.4%
- Re-initiate coverage with Maintain " Accumulate" , with a revised TP of S$3.47 based on DCF (WACC: 6.0%, Terminal g: 0.5%).
Following a change of analyst, we re-initiate coverage on SATS Ltd.
What is the news?
- Release of 3QFY2013-14 Operating Statistics for Singapore Aviation Business
- Infrastructure works underway at Changi Airport to double existing passenger handling capacity to 135 million by mid-2020s. Construction of Terminal 4 has commenced and mixed-use complex Project Jewel announced.
- SATS pending acquisition of Singapore Cruise Centre (SCC).
- SATS expands into institutional catering with Sports Hub
How we view this
3Q FY2013-14 Operating Statistics for Singapore Aviation Business ? Gateway operating metrics grew, inline with estimates, but gross and unit meals declined yy, mainly due to loss of Qantas? flights on the Europe route.
Changi Airport ? Being the dominant player at Changi Airport we are positive on SATS reaping the benefits of the growth in passenger traffic at Changi Airport through both its Gateway services and Food solutions businesses.
Singapore Cruise Centre ? SCC is a profitable and strong cash-generating business which will be immediately EPS accretive to SATS. Shareholders can look forward to a higher EPS. SATS will also be in a position to promote Singapore as a home-port for cruise operators, with potential further growth in revenue. Though management expects cruise passenger throughput to grow above CAGR 6.5%, we have conservatively not baked this into our forecasts yet.
Sports Hub ? Management expects S$50mn of revenue a year from catering.
Investment Actions
We continue to be positive on SATS due to: (1) Changi Airport maintaining its position as the premier regional aviation-hub with strong growth forecast in flight and passenger numbers, (2) Foothold in cruise Gateway services, tapping on growth in cruise passenger throughput, (3) Exclusive caterer at the Sports Hub, (4) Attractive dividend yield of 5.4%. We re-initiate coverage on SATS and derive a TP of S$3.47. We maintain our Accumulate rating.
Source: Phillip Securities Research - 5 Feb 2014
marubozu1688 ( Date: 05-Feb-2014 21:06) Posted:
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Personally I will not bet to go long on SATS regardless on the earnings in this market sentiment.
http://mystocksinvesting.com/singapore-stocks/sats/sats-watch-the-crucial-support/
caringfather360 ( Date: 04-Feb-2014 17:13) Posted:
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This is one of my holdings that beat the market trend. Awaiting results to understand the health of the company.
gold123 ( Date: 22-Jan-2014 09:29) Posted:
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on-track to go higher.
New123 ( Date: 08-Jan-2014 19:38) Posted:
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SATS Ltd. wishes to announce that it will be releasing its financial results for the third quarter ended 31 December 2013 on Tuesday, 11 February 2014 after market trading hours.
The financial statements and media release will be made available on SGXNET and SATS website at: http://www.sats.com.sg/InvestorRelations/FinancialReporting/Pages/FinancialReporting.aspx
The financial statements and media release will be made available on SGXNET and SATS website at: http://www.sats.com.sg/InvestorRelations/FinancialReporting/Pages/FinancialReporting.aspx
gold123 ( Date: 20-Jan-2014 20:18) Posted:
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it may continue to move up from here.
New123 ( Date: 08-Jan-2014 19:38) Posted:
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Commentary:
In the third quarter of FY2013-14, the number of flights handled by SATS grew 10.2% and unit services increased by 6.6% year-on-year. Cargo throughput was up 1.9%.
Passengers handled rose 4.8% to 11.25 million, driven by higher low-cost carrier traffic. Gross and unit meals, however, declined 8.0% and 5.7% respectively due mainly to the loss of Qantas? flights to Europe.
Except for gross and unit meals, all operating metrics grew in the first nine months of FY2013-14.
Issued by:
SATS Corporate Relations
Tel: 65 - 6541 8200 Fax: 65 - 6541 8204
guoyanyunyan ( Date: 16-Jan-2014 08:46) Posted:
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...Married Deal: Vol: 1,501 Value: $4,749,164 ie $3.164/ share Prev close:$3.150...
There is a huge volume even before trading starts. Insider trading ?
ah.wei ( Date: 08-Jan-2014 21:15) Posted:
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FA is very good for this company and good cash flow. After the completion of its acquisition of the Singapore Cruise Centre and enjoy maiden contributions from its JV at the Singapore Sports Hub they should be more dividend given to investor.
Already on-board the ship
Cheers.
Huat Ar
see my view for Sats
New123 ( Date: 26-Dec-2013 08:25) Posted:
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