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641-660 of 6121
Its 20% increase from ideal buy price.. sold half to clock some gain and holding half to monitor the price movement.
Temporarily
guiren ( Date: 05-Jun-2024 11:36) Posted:
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But they sold down ,,,
Joelton ( Date: 05-Jun-2024 10:22) Posted:
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Yes, yes! Seem like someone is pushing down the price very hard 🤭 but I think it will be in vain....
MrBear12 ( Date: 04-Jun-2024 14:42) Posted:
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Analysts raise Sats price targets after strong earnings performance
DBS and OCBC continue to rate the stock at &ldquo buy&rdquo
DBS Group Research and OCBC Investment Research have lifted their target prices for Sats : S58 +1.06% after the in-flight caterer and ground handler last week posted a jump of more than 10 times in profit for the half-year ended Mar 31.
Both research houses continue to rate the stock at &ldquo buy&rdquo .
On Tuesday (Jun 4), DBS raised its price target on Sats to S$3.60 from S$3.40 after rolling forward its valuation peg to FY2025.
Its analyst Jason Sum highlighted the stock for its &ldquo attractive&rdquo risk-to-reward setup with a projected 25 to 30 per cent upside from its current share price level.
While the group&rsquo s fourth-quarter results beat expectations, Sum noted that DBS&rsquo FY2025 to FY2026 earnings estimates remained intact as the research house was already anticipating &ldquo considerable growth&rdquo in Sats&rsquo earnings over the next two years.
Its dividend-per-share estimates were also slashed to S$0.03 from S$0.06 for FY2025 and S$0.05 from S$0.09 for FY2026 to assume a lower dividend payout ratio.
Sats&rsquo resumption of dividends was nonetheless a positive surprise, said Sum, who added that the move signalled its management&rsquo s optimism about the group&rsquo s prospects.
Though DBS raised its revenue estimates in the near term to reflect pricing improvement and stronger segmental volume growth, Sum cautioned that this would be offset by higher finance costs and tax expenses.
The analyst however foresees &ldquo meaningful interest savings&rdquo in view of Sats&rsquo recent completion of its refinancing of debt from its acquisition of Worldwide Flight Services (WFS).
In his view, Sats&rsquo WFS acquisition could start yielding operational and financial synergies over the next few years.
&ldquo More importantly, the market will be paying attention to the assimilation of WFS and whether the group can achieve its intended operating synergies within its projected timeline, to justify the hefty price tag on WFS,&rdquo added Sum.
Last Friday, OCBC revised its fair value estimate on Sats up to S$3.31 from S$3.09 while noting that the group&rsquo s FY2024 bottom line was a &ldquo strong beat&rdquo .
Its analyst Ada Lim said that the group&rsquo s top-line growth would likely be driven by more commercial wins for its gateway services segment, along with further market penetration for its food solutions business given its increased production capacity.
Lim said she remained &ldquo constructive&rdquo on Sats&rsquo outlook.
Continued strength in global air travel demand would bode well for the group&rsquo s gateway services segment even as its pace of recovery begins to moderate, she added.
Awaken it has. No messing with it
dontbetray ( Date: 04-Jun-2024 11:59) Posted:
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The sleeping dragon has awoke
$3 otw
SmallSmall ( Date: 03-Jun-2024 10:26) Posted:
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$2.84 :) up $0.06
dontbetray ( Date: 01-Jun-2024 18:16) Posted:
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U r wrong bb pressed down first before they fire up
MARKWONG ( Date: 31-May-2024 15:54) Posted:
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In short, this counter was heavily shorted by short sellers. They are not giving up.
Once break through 3.38, then uptrend begins.
Once break through 3.38, then uptrend begins.
Chiong ah💪 🏻 💪 🏻 💪 🏻
leroy55 ( Date: 31-May-2024 14:38) Posted:
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UBS , ABN Amro and Morgan Stanley and ocbc bought
MrBear12 ( Date: 31-May-2024 07:36) Posted:
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With WFS under its belt, a supersized Sats aims for S$8 billion in revenue by 2028
The acquisition has made Sats more geographically diversified the company has also tweaked its business mix
AIRPORT-services provider Sats is &ldquo in the right spot&rdquo , says its chief executive officer Kerry Mok.
After acquiring Worldwide Flight Services (WFS) in 2023, it is ready to tap the opportunities arising from the geopolitical tensions across the world, and companies&rsquo adjusting their supply chains to get around the fallout from these hotspots.
Post-acquisition, the supplier of in-flight catering and ground handling services can now talk to customers about leveraging its enlarged network, rather than just try to win contracts station by station.
Mok told reporters on Thursday (May 30), following Sats&rsquo announcement of its results for FY2024 ended March: &ldquo We have the network to benefit from any change, and our discussions with our customers are completely different.&rdquo
He said that there being little overlap between Sats and WFS paved the way for a smooth integration of the companies, without having to take out systems or lay off redundant staff. He is also confident that there would be no worries about infighting and disruptions as management teams vie for the top jobs.
&ldquo I want to keep everybody in because there&rsquo s not enough talent, and we want everybody to grow,&rdquo he said.
The acquisition of WFS has made Sats more diversified geographically. Singapore accounted for just 34 per cent of the company&rsquo s revenue in FY2024, down from 85 per cent in FY2022, and the Americas now contribute to 36 per cent of its revenue.
Even its business mix has changed. Cargo handling accounted for the bulk of revenue in FY2024, at 49 per cent food solutions contributed to 22 per cent, down from 55 per cent in FY2022.
An offshoot of the WFS acquisition is Sats&rsquo partnership with global logistics firm Kuehne + Nagel. The two parties recently signed a memorandum of understanding to drive value-chain improvements and sustainability.
&ldquo Today, (Kuehne + Nagel) is not even talking to any of our competitors, because the network they have is very small compared to ours,&rdquo said Mok.
Sats now has access to key hubs such as Miami and Los Angeles, which gives it the opportunity to do things it could not do before. With the WFS acquisition, Sats is banking on snagging higher-value contracts, including more complex jobs.
&ldquo I think we have the ability to simplify our customers&rsquo lives by creating value in different ways, driving total cost of ownership down by giving them better service offerings combining services within one location is where we need to go,&rdquo said Mok.
Sats is riding the wave of recovery in travel. Operating statistics have reached pre-Covid levels &ndash even when contributions from the WFS acquisition are excluded. While the company registered a loss in the first quarter of FY2024 as a result of the integration, both Sats and WFS became profitable in the subsequent three quarters, noted Manfred Seah, Sats&rsquo chief financial officer.
Coupled with WFS contributions, Sats swung back into the black with earnings of S$56.4 million for FY2024, from a loss of S$26.5 million in FY2023. The company also announced a final dividend of S$0.015 per share.
Full-year revenue jumped to S$5.15 billion, from S$1.76 billion the year before.
The market appears to have cheered the results: Shares of Sats rose as much as 6.8 per cent on Thursday.
The company&rsquo s senior management has set targets to be achieved by 2028 &ndash to cross S$8 billion in revenue and to achieve a return on equity of 15 per cent.
To hit these marks, Sats will focus on repaying its loans, reinvesting into capital expenditure and resuming dividends to its shareholders.
For FY2025, Sats will repay S$200 million of borrowings, reinvest S$300 million and resume dividend payment. The capital allocation will be based on keeping its gross debt to earnings before interest, taxes, depreciation and amortisation (Ebitda) at between 3.5 and four times. Sats&rsquo gross debt to Ebitda was 3.9 for FY2024.
As for its dividend policy, Seah cautioned that Sats would not return to its pre-Covid policy, under which up to 80 per cent of earnings was paid out to shareholders. Instead, the priority would now be to repay debt, and give out higher dividends only as earnings rise.
&ldquo Even banks in Singapore aren&rsquo t paying that much we are not going back to that level because we have better use of our capital to deploy for growth,&rdquo said Mok.
One area of growth for Sats is in food solutions. The company is leveraging the global demand for Asian flavours it also plans to build the capacity to serve ready-to-eat meals to airlines without having to build facilities in airports.
Sats&rsquo food factory in Thailand has the required licences to export to Europe, but its capacity is still being ramped up to meet current demand. It will focus on Europe first, given that the US market, for example, imposes strict protein controls and limits food exports to vegetarian or seafood options.
Sats will look to get a foot into Europe through its brand, Monty&rsquo s Bakehouse. Over the next year or so, as the facility in Thailand gets up and running, the company will also set up non-aviation food businesses in Europe.
&ldquo We have a team now in Hamburg that is showcasing our food product to the market in Europe,&rdquo said Mok.
KGI Research
SATS Ltd. (SAT SP) - Long &ndash Entry 2.77, Target 2.93, Stop 2.69
Shares closed at a high since Feb 2024 with a surge in volume. 5dEMA just crossed the 200dEMA and 20dEMA just crossed the 50dEMA.
MACD is positive, RSI is at an overbought level.
SATS Ltd. (SAT SP) - Long &ndash Entry 2.77, Target 2.93, Stop 2.69
Shares closed at a high since Feb 2024 with a surge in volume. 5dEMA just crossed the 200dEMA and 20dEMA just crossed the 50dEMA.
MACD is positive, RSI is at an overbought level.
SATS is trending down after going up to 2.83. Looks like the trend today will soften and pick up later
I doubt if bbs take mrbear seriously. They have their own targets
behonest ( Date: 31-May-2024 07:30) Posted:
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You said so loud. U think bb allow u to make it happen so easily. Bb do watch the thread.
XExplorer ( Date: 30-May-2024 16:10) Posted:
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I personally feel any price below $3.20 is considered under value. Imagine 10x the earning. Business should be stabled down after huge investment....
MrBear12 ( Date: 30-May-2024 15:20) Posted:
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think euro fund house coming in