SATS

BROKERS’ TAKE

Phillip Securities upgrades Sats to ‘buy’; sees no material impact from Iran war

The brokerage hikes Sats’ target price by 15.6% to S$4.44 and lifts its earnings forecast

Smoke rising after an explosion due to drone debris in the industrial zone in Fujairah, United Arab Emirates, on Mar 3. Security and safety precautions are the topmost priority for South-east Asian companies with teams in the region.

S-E Asian businesses in the Gulf take safety measures as they hunker down for prolonged disruption

Some SMEs and exporters could face operational and cost pressures as US-Iran conflict spills over

The renewed conflict has disrupted global air travel and clouded the outlook for a peaceful resolution to the West's nuclear dispute with Teheran.
HOT STOCK

SIA falls 4.7% after cancelling flights due to US-Israel strikes on Iran; Sats down 5.9%

26 SIA and Scoot flights between Feb 28 and Mar 7 have been called off since the conflict began

Sats says top-line growth in Q3 was driven primarily by its gateway services segment.

Sats Q3 profit rises 20.4% to S$84.7 million on record cargo volumes

Revenue for the quarter is up 8% year on year at S$1.6 billion

Sats president and CEO Kerry Mok suggests that automation and process innovation are no longer just about efficiency, but also about keeping airports functioning.
SINGAPORE AIRSHOW 2026

‘No one wants to do that role’: Singapore aviation looks to F1 tactics for lessons amid labour crunch

Sats CEO Kerry Mok argues that the sector can no longer afford decade-long development cycles

The fleet of driverless tractors will be expanded to 24 vehicles by 2027.

Changi Airport turns to driverless tractors to boost tarmac productivity

They are being used to transfer passenger bags between Terminal 1 and 4

Revenue for the three months ended Sep 30 increased 8.4% year on year to S$1.6 billion.

Sats Q2 net profit up 13.3% at S$78.9 million as clients front-load orders ahead of US tariffs

The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago

On the benchmark Straits Times Index, City Developments Ltd is the top gainer on Friday with a 0.4% rise to S$6.83.

Singapore shares fall on Friday, in line with regional declines; STI slips 0.2%

Across the broader market, decliners exceed advancers 359 to 216, as 1.4 billion securities worth S$1.4 billion change hands

The counter rose 5.7% to an intraday high of S$3.36 at 9.02 am.
HOT STOCK

Sats rises 2.5% on Q1 profit growth

The counter climbed 5.7% to hit a three-week high of S$3.36 in early trade