
SATS (SATS SP, $2.89, BUY, TP $3.48) – SATS’ 2QFY Mar11 results were within expectations. Net profit rose 10.5% to $45.2m but adjusted profits actually grew 31% YoY despite higher raw material and staff costs, as well as the weaker pound. With growth led by non‐aviation food services, we believe the time has come for SATS to be re‐rated as a premium valuation food company rather than as a cyclical aviation play.
SATs Presentation
Media Release
Kensonic77 ( Date: 02-Nov-2010 18:07) Posted:
|
In the second quarter of FY2010-11, higher across-the-board activities lifted the Group revenue by 11% (+$38.9 million) to $401.2 million. Aviation revenue grew 9% (+$19.0 million) to $234.7 million on the back of increased flights handled as well as higher cargo and meal volumes. Non-aviation revenue rose 14% (+$20.3 million) to $164.1 million as a result of higher catering revenue attributed to the one-off provision of meals for the Youth Olympics Games and higher contribution from UK operations, particularly the fruit and chilled ready meals categories. Excluding the $6.3 million jobs credit benefit received in the second quarter of FY2009-10, core operating profit improved 13% (+S$4.9 million) year-on-year despite higher raw material costs and staff costs on higher activity levels...
Dividend: 5 Cents

Blastoff ( Date: 06-Oct-2010 16:20) Posted:
|
SATS aviation operating data for 2Q and 1H FY2010-11
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6B2B124F31BE1FE9482577BD0010ABE5/$file/SATS-OperatingData-2QFY11.pdf?openelement
SATS releases 2Q FY2010/11 financial results on 2 November 2010
Singapore, 14 October 2010 - SATS Ltd will be releasing its 2Q FY2010/11 financial results on Tuesday, 2 November 2010 after market trading hours.
The financial statements and press release will be made available on SGXNET and SATS website at: http://www.sats.com.sg/newsats/investor_relations/financial_results.html
SATS HK to render ground handling services to Singapore Airlines
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7924D22D24825AB4482577AD0037A4C2/$file/SATS-HK_SIA.pdf?openelement
Marina Bay Sands and SATS launch first city check-in and baggage acceptance service
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BD9F44CA0E25C2CA482577A4001B3250/$file/MBS-SATS-FINAL.pdf?openelement
What the Target prices of TAs:
3. 46, 3.3, 3.2, 3.07, 2.9, 3.26, 3.2, 3.3(OCBCIR), 3.28(PSRPS ), 3.6 .
Blastoff ( Date: 30-Jul-2010 09:52) Posted:
|
nickyng ( Date: 30-Jul-2010 07:48) Posted:
|
Blastoff ( Date: 30-Jul-2010 07:06) Posted:
|
Blastoff ( Date: 29-Jul-2010 17:25) Posted:
|
FIRST QUARTER RESULTS FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F61B7492F3C8DECD4825776F00323731/$file/MediaRelease_1QFY11.pdf?openelement