The Business Times
business-time-50

Diversification is a full meal at Sats

Company is making meals for supermarkets and restaurants, sees opportunities in e-commerce.

Claudia Chong

Claudia Chong

Published Sun, Oct 18, 2020 · 09:50 PM

    Singapore

    A BLOW to the travel sector during the Covid-19 pandemic has validated and accelerated Sats's plans to diversify its revenue streams out of both aviation as well as its domestic market of Singapore.

    Even as its bottom-line gets pummelled by the loss of business due to travel restrictions, the ground handling and in-flight catering firm is seizing opportunities in food production, e-commerce and the movement of perishable and medical goods.

    SATSAviation

    TRENDING NOW

    OCBC’s Q3 earnings came in slightly above the S$2 billion consensus forecast in a Bloomberg survey of seven analysts.

    OCBC Q3 profit rises 3% to S$2.04 billion, slightly above expectations

    OCBC’s Q3 earnings of S$2.04 billion have come in slightly above estimates.

    Stocks to watch: OCBC, IHH Healthcare, FLCT, SingPost, Koh Brothers Eco Engineering

    Francis Yeoh, executive chairman of YTL, with Yeoh Pei Xien, vice-president of strategy and transformation at YTL Hotels, at The BTLuxe Edit – Future:Legacy symposium on Oct 28.

    From legacy to launch: Francis Yeoh and Yeoh Pei Xien on family unity and YTL’s next‑gen ventures

    Yields on Indonesia’s benchmark 10-year government bonds stood at around 7.75 per cent on Tuesday (Nov 3).

    Wealthy Indonesians snap up government bonds as yields near 8%: OCBC

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More