SATS Singapore $SATS LTD.(S58.SI)$ has entered into big buying zone. I calculated and predict that SATS will announce a beautiful and a very good FY y-y ( q-q) results.
Expecting the profit between 60m- 80m. As for dividend, SATS might reserve it cash for business continuity. But SATS may also reward shareholders with smaller dividend of
$0.04-$0.08
TP: 285-288(3.0)
Reasons:
For 9M FY results: Sats earnings came in at $23.7 million, reversing from a loss of $32.0 million the previous year.
3q net profit : S$31.5 million.
Mar 2024 Sats sold US military contractor unit, proceeds of US$45.6 million.
SIA : The number of passengers carried by group airlines +18% y/y. SATS is the meals provider.
SATS Group has acquired two Swedish cargo-handling companies for SG$12.1 million.
SATS unveils $61m food solutions facility in India.
The facility will specialize in manufacturing ready-to-eat food products
Apr: Air Canada partners with SATS for its long-awaited return to Singapore.
Apr : SATS sold a 9.85% stake in its Indonesian subsidiary,
The company expects to raise SG$65 million.
About 16.5 million passengers passed through Singapore's Changi Airport in the first quarter of this year, surpassing pre-pandemic levels.
Modify on 2024-05-17 18:23
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