TOKYO: International Monetary Fund managing director Kristalina Georgieva flagged rising inflationary pressures and China's economic slowdown as risks to Asia's economic outlook, calling on policymakers to rebuild their buffers against future shocks. Asian Development Bank President Masats...

TOKYO : International Monetary Fund Managing Director Kristalina Georgieva flagged rising inflationary pressures and China's economic slowdown as risks to Asia's economic outlook, calling on policymakers to rebuild their buffers against future shocks.Asian Development Bank President Masats...

THE following companies saw new developments that may affect trading of their securities on Friday (Dec 2):

INFLIGHT caterer and ground handler Sats on Thursday (Dec 1) said it would raise up to S$800 million via a renounceable underwritten rights issue to partially fund its acquisition of air cargo handler Worldwide Flight Services (WFS).

Airline ground handler and food ca­tering services provider Sats has released more details about its funding plan for its EUR1.2 bil­lion ($1.7 billion) acquisition of global cargo handler Worldwide Flight Ser­vices (WFS).The final funding plan comes to $1.8 bil­lion and will consist of $800 mil...

INFLIGHT caterer and ground handler Sats on Thursday (Dec 1) said it would raise up to S$800 million via a renounceable underwritten rights issue to partially fund its acquisition of air cargo handler Worldwide Flight Services (WFS).

Sats has given better clarity on how it plans to fund what it calls the “trans­formational opportunity” of bringing Worldwide Flight Services (WFS) un­der its wings. At its 1HFY2023 end­ed September results briefing on Nov 9, Sats said that the acquisition will cost $1.8 bil­lion, and will b...

PHILLIP Securities has initiated coverage on index counter Sats with an “accumulate” call and target price of S$3.02.

PhillipCapital analyst Terence Chua has initiated coverage on Sats with an “accumulate” recommendation. The analyst has also given the company a target price of $3.02.“We peg Sats to a P/E of 18.5x FY2024, which is -1 standard deviation (s.d.) below its historical average,” Chua writes.Sats ...

OCBC Investment Research analyst Chu Peng has kept her “buy” rating on ground handler Sats, but has cut its target price by about 30% from $4.72 to $3.26.This comes after the company gave its update for the 1HFY2023 ended Sept 30 on Nov 9, which revealed a $9.9 million loss after tax and minorit...

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

INFLIGHT caterer and ground handler SATS on Wednesday (Nov 9) reported a net loss of S$9.9 million for its second quarter, reversing a year-ago profit of S$6.8 million, as operating expenses rose and lower government grants were received.

Sats has reported revenue of $804.5 million for 1HFY2023 ended Sept 30, up 41.33% y-o-y, led by the resumption of travel demand and higher volume of cargo handled, as well as consolidation of revenue from a subsidiary.However, it incurred a loss of $32.5 million for the same period, versus earnings ...

THE board and top management of Sats should announce they will each personally buy a meaningful amount of stock in the market after the company’s scheduled release of its half-year results later today (Nov 9).