SATS

BROKERS’ TAKE

Maybank initiates ‘buy’ on Sats, citing cargo growth prospects

The brokerage has set a target price of S$4.52 for the in-flight caterer and ground handler

The Fed may have less room to keep cutting rates this year as the US-Israel war on Iran drives oil prices higher.
MARK TO MARKET

Iran war: Soaring oil price will be a key driver of Fed policy; opportunities, risks for investors

While even the price of gold fell last week, shares of Big Oil companies sustained their upward momentum

Sats says that operations at its Middle East stations have continued under “appropriate safety and security protocols”.

Sats says no ‘material interruption’ to Middle East cargo operations amid Iran conflict

The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman

Phillip Securities' Hashim Osman says overall cargo trends “remain resilient with strong demand for high-value, time-sensitive shipments such as semiconductors in Asia-Pacific”.
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