The Business Times
business-time-50
SUBSCRIBERS

Hot stock: Sats rises 11% after swinging back into the black for Q1

It posts a net profit of S$65 million for the quarter from a loss of S$29.9 million

google-preferred-sourceAdd BT as a preferred source
Chong Xin Wei

Chong Xin Wei

Published Wed, Aug 21, 2024 · 10:45 AM — Updated Wed, Aug 21, 2024 · 08:38 PM
    • Sats' revenue for the period rose to S$1.4 billion, up 15.5% from the S$1.2 billion it posted a year earlier.
    • Sats' revenue for the period rose to S$1.4 billion, up 15.5% from the S$1.2 billion it posted a year earlier. PHOTO: BT FILE

    SHARES of in-flight caterer and ground handler Sats gained some ground on Wednesday (Aug 21) morning, after it swung back into the black for the first quarter of fiscal year 2025 on higher revenue.

    Sats shares reached a high of S$3.58 shortly after the market opened, rising 11.2 per cent or S$0.36.

    A married deal was recorded at 10.02 am, according to ShareInvestor data. It was transacted at S$3.545 at a volume of 15.7 million shares.

    Hot StockSATS

    TRENDING NOW

    Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone

    From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire

    The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.

    Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”. 

    Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects

    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