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Finally trade above the 5EMA since 13 Apr, now 20EMA at ~341 is the next resistance.
more mala food when flying via sq soon?
Joelton ( Date: 07-May-2026 12:06) Posted:
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Sats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan
The move will let the group capitalise on Chinese airlines&rsquo increasing adoption of frozen food
[SINGAPORE] Cargo handler and in-flight caterer Sats : S58 +0.91% on Wednesday (May 6) said it will acquire an additional 40 per cent stake in China&rsquo s leading frozen aviation meal manufacturer for 312.6 million yuan (S$58 million).
This brings Sats&rsquo total shareholding in Nanjing Weizhou Airline Food Corporation (NWA) to 90 per cent, following its initial investment for 50 per cent ownership in 2019, allowing the group to consolidate operational control over the business.
Since that initial capital injection, Sats noted that NWA has more than doubled its revenue as Chinese carriers accelerated their adoption of frozen meals in domestic operations.
Headquartered in Nanjing, NWA supplies frozen meals, snacks and related food products to airline customers across China. Its network of on and off-airport assembly kitchens around the country extends its reach.
Sats noted that acquiring the additional stake will let Sats China and NWA align their operating models. This would optimise production capacity and increase efficiencies.
Sats also said that NWA&rsquo s competitive position &ldquo has proven to be resilient&rdquo . It &ldquo recovered strongly&rdquo from the disruptions caused by the Covid-19 pandemic, as well as &ldquo outperformed initial growth expectations&rdquo .
It has since maintained its leading market position, added Sats, describing the company as &ldquo an important pillar of Sats China&rsquo s strategy to capitalise on&rdquo Chinese airlines&rsquo increasing adoption of frozen aviation meals.
Sats said the purchase price will be funded through internal resources and paid in cash.
The transaction is not expected to have any material impact on the group&rsquo s net tangible assets per share and consolidated earnings per share for the current financial year.
Aligning interests
To align shareholder interest post-pandemic, Sats China terminated the original earn-out agreement set out in 2019 with Luo Bo, the founder and general manager of NWA.
Sats noted that NWA has already surpassed its underlying performance targets, entitling Luo to receive these earn-outs over the next five years.
The group has negotiated a new shareholders&rsquo agreement with Luo, allowing it to retain the right to acquire his remaining 10 per cent stake in NWA in one or more tranches at a fixed aggregate amount of around 78 million yuan.
Samuel Koh, chief executive officer of Sats Food Solutions, said: &ldquo NWA has built something exceptional in China&rsquo s aviation food sector: a proven frozen meals platform with the operational capability, customer relationships, and production know-how to grow at scale.&rdquo
Shares of Sats closed 0.9 per cent or S$0.03 higher at S$3.32 on Wednesday, prior to the announcement.
Also oil plunge on possible Iran / us deal to end war.. this is double good news
Positive news lah.. sats taking majority stake of a very profitable company allowing it to expand it's operation in China. Also sats not doing cash call to fund the acquisition
Breaking $3.
PROPOSED ACQUISITION OF SHARES IN NANJING WEIZHOU AIRLINE FOOD CORP., LTD.
https://links.sgx.com/1.0.0/corporate-announcements/NLORJKZKDD2N8LR9/887758_Press%20Release.pdf
If peace talk shows progress, this will fly high again.
SmallSmall ( Date: 06-May-2026 09:27) Posted:
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Buy some before it takes off...
All technicals are oversold.....:)
$3.32 +$0.03
All technicals are oversold.....:)
$3.32 +$0.03
SmallSmall ( Date: 04-May-2026 09:30) Posted:
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Oversold....RSI turning up....$3.32 +$0.02
SATS apologises after video shows rough handling of luggage at Changi Airport
A service crew member was seen tossing luggage onto a baggage belt, behaviour that SATS said does not reflect its service standards.
SATS apologises after video shows rough handling of luggage at Changi Airport - CNA
Potential shortage of jet fuel if US Iran war goes on so how will SATS maintain its business under this scenario?
Also will Singapore flights be scaled back if jet fuel sent by Singapore to Australia?
Also will Singapore flights be scaled back if jet fuel sent by Singapore to Australia?
Institutional investor have been selling SATS, which explains the weakness in share price.
SATS will be releasing its unaudited financial results for the second half and financial year ended 31 March 2026 on Monday, 25 May 2026, after market trading hours.
Pretty clear its related to the US war on Iran. Direct impact on oil price and broader economic impact.
angsua3761 ( Date: 22-Apr-2026 18:22) Posted:
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this chap keeping falling.....dont' t understand why
JurongW ( Date: 22-Apr-2026 15:15) Posted:
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Break below the neckline at 3.50 today. Let' s see if 3.40 can provide strong support .
short term still in downtrend. Neckline of the double top pattern at 350 need to hold.
The situation on the opening and closing of the Straits is still very fluid.
Iran reimposes ' strict management' of Strait of Hormuz over US blockade - CNA
Iran reimposes ' strict management' of Strait of Hormuz over US blockade - CNA
beng1102 ( Date: 17-Apr-2026 21:50) Posted:
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HUAT! Iran says Strait of Hormuz ' completely open' for all commercial vessels. https://www.channelnewsasia.com/world/strait-hormuz-open-lebanon-ceasefire-iran-war-6063841
JurongW ( Date: 17-Apr-2026 13:54) Posted:
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