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Sats
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Joelton
Supreme |
17-Apr-2025 13:13
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SATS&rsquo subsidiary World Flight Services prices US$100 mil notes at 4.578% due 2028
SATS&rsquo wholly-owned subsidiary World Flight Services has launched and priced its offering of US$100 million notes in aggregate principal amount of 4.578% fixed rate notes due 2028. 
 
These notes, known as the Series 002 Notes, are part of the US$3 billion multi-currency debt issuance programme guaranteed by World Flight Services which was established by SATS on Nov 17, 2023 and updated on Sept 30, 2024. 
 
DBS Bank is the sole coordinator, bookrunner and lead manager in relation to the Series 002 Notes. 
 
The notes will be registered in denomination of US$200,000 each, and shall mature on Apr 28, 2028. It is expected to be issued on Apr 28, 2025. 
 
The net proceeds from the issue of the notes will be used for refinancing of existing borrowings.
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LoudShout
Veteran |
17-Apr-2025 10:20
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SINGAPORE (Reuters) -Singapore Prime Minister Lawrence Wong said on Wednesday there was little comfort in the U.S. postponing most of its proposed " reciprocal" tariffs, saying the changes had already created great uncertainty around the world. Wong also said the trade war between the U.S. and China would see trading between the countries grind to a halt, and " the pain will be felt not just by them but by countries everywhere." While President Donald Trump has postponed the so-called reciprocal tariffs until July, Wong noted the U.S. was still imposing a 10% baseline tariff." No company can comfortably plan long-term investments while knowing that the tariff rates could be changed at a moment' s notice," he said, adding the trade war would accelerate the decoupling of the U.S. and Chinese economies. " What we are witnessing is the remaking of the global economy &ndash not as one integrated system, but as increasingly bifurcated ecosystems centered around the U.S. and China."   |
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LoudShout
Veteran |
17-Apr-2025 09:07
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Joelton
Supreme |
16-Apr-2025 13:27
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Sats unit bags 5 year contract with Emirates SkyCargo at Frankfurt Airport
The freight handler now provides specialised gateway services at 21 stations across the airline&rsquo s global network
 
[SINGAPORE] Sats&rsquo subsidiary Worldwide Flight Services has been awarded a new five-year cargo handling contract with Emirates SkyCargo, the cargo arm of Emirates, at Frankfurt Airport.
 
The contract underscores Sats&rsquo long-term partnership with the world&rsquo s largest international airline &ndash it now provides specialised gateway services at 21 stations across Emirates&rsquo global network, said the group in a bourse filing on Tuesday (Apr 15).
 
Sats noted that Frankfurt Airport, as one of Europe&rsquo s busiest cargo hubs, is a critical gateway in Emirates&rsquo European network. The airport&rsquo s freight division offers a weekly cargo capacity of over 1,400 tonnes.
 
Robert Fordree, Emirates SkyCargo&rsquo s senior vice-president of operations worldwide, said: &ldquo With six scheduled freighters and 21 passenger flights per week, Frankfurt is an anchor of our European network.
 
&ldquo By expanding our global partnership with Worldwide Flight Services to Frankfurt, we will enhance our existing operations... strengthening trade links between Germany&rsquo s vibrant business community and the wider world.&rdquo
 
Sats&rsquo acquisition of the Paris-based global air cargo logistics provider, Worldwide Flight Services, was completed in 2023. Their combined network covers trade routes responsible for more than half of global air cargo volume.
 
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msksmsks
Supreme |
16-Apr-2025 11:00
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Arh,  good question .. I wuld rather buy cheap but not  sell cheap to them  Sats wl recover gradually
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MrBear12
Supreme |
16-Apr-2025 10:56
![]() Yells: "A bear will always be a bear" |
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Who would sell cheap to them?
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msksmsks
Supreme |
16-Apr-2025 10:40
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Moving twds 2.79 - 2.83 gap ?? | ||||
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msksmsks
Supreme |
16-Apr-2025 10:22
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So they can buy cheap cheap.. After that, revised upwards again |
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MrBear12
Supreme |
16-Apr-2025 09:36
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Too drastic a revision.
Maybe can revise downwards from 400 to 350. But 289 is ridiculous
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spursfan
Elite |
16-Apr-2025 09:11
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https://links.sgx.com/1.0.0/corporate-announcements/2Z5TG55OIJ8E3DRZ/841099_WFS_expands_global_Emirates_partnership_with_new_cargo_handling_contract_at_Frankfurt_Airport.pdf | ||||
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Joelton
Supreme |
10-Apr-2025 09:39
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UOB Kay Hian cuts Sats target price to S$2.89, downgrades it to &lsquo hold&rsquo on likely tariff impact
Downside risks stem from the tariff war, on top of the US withdrawal of tax exemption from May 2 for low-value imports of US$800 or less from mainland China and Hong Kong
[SINGAPORE] Freight handler Sats : S58 -7.17% might be hit by a potential slowdown in globalisation and decline in global trade volume as a result of the United States&rsquo reciprocal tariffs, prompting one research house to slash its target price and downgrade the stock to &ldquo hold&rdquo .
 
UOB Kay Hian on Wednesday (Apr 9) lowered the target price of the Singapore mainboard-listed air freight handler and inflight caterer to S$2.89 from S$4 as it tentatively cut its FY2026-2027 air cargo volume projections for Sats by 5 per cent, and reduced its earnings projections by 17 to 18 per cent.
 
Analyst Roy Chen said Sats derives 50 per cent of its group revenue from its global air cargo handling business, with the United States being its top market accounting for 25 per cent of group revenue.
 
With US President Donald Trump&rsquo s commitment to shift production to the US, UOB Kay Hian&rsquo s base case is that even with successful negotiations with some trade partners, the net outcome would be a lower level of global trade volume than before the tariff war.
 
The updated earnings forecasts for Sats now stand at S$240 million for FY2025, S$226 million for FY2026 and S$256 million for FY2027. The year-on-year dip in the FY2026 earnings forecast reflects UOB Kay Hian&rsquo s projected drop in Sats&rsquo global air cargo handling volume amid the tariff war.
 
The analyst added: &ldquo In view of the escalating trade war and possibly a prolonged uncertain period for global trade, we downgrade Sats to &lsquo hold&rsquo . While we believe air cargo transportation remains a key means for global trade flow, and we like Sats for its global market leadership and strong competitive advantages against peers, it is hard to be bullish on Sats at this juncture, given the significant uncertainties for global trade in the medium term.&rdquo
 
But analysts from another brokerage, CGS International, said in an Apr 4 report that they expect Sats&rsquo profitability to be partially mitigated in the event that low-value Chinese imports into the US will be subject to duty.
 
They noted that there is a lack of readily available similarly affordable substitutes for imported goods such as fast fashion products for the US consumers, and therefore the consumers will absorb the duty to be imposed.
 
Jason Sum, DBS analyst, said that Sats could be hit as a result of lower trade and dampened consumer confidence but the impact might be cushioned if consumers divert spending to air travel from goods. He anticipates a decline of at least 1 to 3 per cent in global trade volumes over the next year, based on the tariff situation now. &ldquo Air cargo typically responds more acutely to shifts in demand, so we anticipate a steeper decline in global air cargo volumes,&rdquo he explained.
 
An economic slowdown as a result of trade war is likely to dent consumer confidence and weigh on air travel demand.
 
Sats&rsquo ground handling and flight catering operations could be negatively affected by these factors, although changing consumer preferences to spending more on experiences may lend some resilience to air travel, said Sum.
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oli007
Member |
09-Apr-2025 15:17
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bite the bullet @ 2.44 see how
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Caesar
Veteran |
09-Apr-2025 11:05
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not a buy call here, but if you keep waiting for lower low you may miss the boat entirely ... anyway i have not bought yet ... dyodd
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dontbetray
Veteran |
09-Apr-2025 10:57
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may go down even more. if the 2 countries keep adding tariff and spill over all the world
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Caesar
Veteran |
09-Apr-2025 10:47
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Agree, grossly oversold ... last year i bought @2.50, then sold close to 3.00, only to see it rocketed to 4.00 ... never expect it to come back to 2.50 again ...
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msksmsks
Supreme |
09-Apr-2025 10:36
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Grossly oversold Nibble abit    |
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msksmsks
Supreme |
04-Apr-2025 09:30
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Artificial depression gg on to weed out weak holders Very oversold.. Nibble abit as price don go down in  linear fashion.  It may rebound  |
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dontbetray
Veteran |
03-Apr-2025 17:04
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market didnt expect the  tariff to be so crazy | ||||
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7ocean
Veteran |
03-Apr-2025 17:01
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DJI -decline 1009... 2moro lau sai
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msksmsks
Supreme |
03-Apr-2025 16:38
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Weakness present opportunity | ||||
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