4 stories mentioning SGX:S58Updated 2h ago
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SATS (SGX:S58) has an average rating of buy and mean price target of SG$4.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Singapore shares closed in the red on Tuesday, tracking broader regional losses over the recent clash between the US and Iran near the Strait of Hormuz.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,028.80 and 5,072.08 throughout the day. It ended the session at 5,028.80, down 41.75 points or 0.8% compared to Monday's close.The two parties had a skirmish near the Strait, which could have an impact on an interim peace deal.In economic news, Singapore's manufacturing output jumped 17.6% in April, backed by strong growth across almost all clusters, the city-state's Department of Statistics reported.On the corporate front, shares of Boustead Singapore (SGX:F9D) sank over 13% at the close even after its profit attributable to equity holders surged 235% during the fiscal second half ended March 31 to SG$197.7 million from SG$59.1 million a year earlier.SATS' (SGX:S58) shares closed nearly 6% higher as its attributable profit to owners rose to SG$135.4 million in fiscal second half ended March 31 from SG$109.1 million a year earlier.Meanwhile, shares of Global Resource Construction (SGX:S3N) closed nearly 8% higher as its subsidiary, Chip Eng Seng Contractors, secured a civil engineering works project worth SG$95.7 million from the Housing & Development Board.
SATS' (SGX:S58) attributable profit to owners rose to SG$135.4 million in fiscal second half ended March 31 from SG$109.1 million a year earlier, according to a Monday filing with the Singapore Exchange.Shares of the airport services company were up nearly 6% in Tuesday trading.Earnings per share came in at SG$0.089 compared with SG$0.072 in the year-ago period.Revenue climbed year over year to SG$3.27 billion from SG$3.00 billion.The company declared an interim dividend of SG$0.02 and a final dividend of SG$0.05 per share, to be paid on Aug. 6.
SATS (SGX:S58) acquired an additional 40% stake in Nanjing Weizhou Airline Food, taking its overall stake in the Chinese producer and distributor of airline meals to 90%, according to a Wednesday filing with the Singapore Exchange.The acquisition is part of the company's strategy to consolidate operational control of the producer of frozen aviation meals.
