$SATS LTD.(S58.SI)$ First stock I will pick. Bullish On SATS LTD. (S58.SI) due to following reason. SATS triples its revenue and achieves an operating profit in its latest financial results. The positive turnaround is attributed to the consolidation of WFS and strong recovery in air traffic. However, a small net loss was still reported due to one-off financial charges.
Analysts remain optimistic about SATS' continued recovery despite a possible placement on the SGX watchlist. This potential inclusion is due to the accumulated losses in the past three years, but analysts believe it won't significantly impact the company's operations or prospects.
SATS secures uncommitted bilateral facilities worth S$204.5 million to generate cost savings. These facilities provide flexibility for the company to manage its working capital needs and capitalize on new opportunities.
SATS establishes a US$3 billion multi-currency debt issuance programme. This program allows SATS to access debt financing in various currencies at competitive rates to support its future growth plans.
SATS signs a new contract with Cebu Pacific Air for ground handling services in the Philippines. This expands SATS' footprint in the Southeast Asian aviation market. @MillionaireTiger @TigerStars @TigerEvents
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