SATS may still be best known as an inflight caterer and ground-handler, but it is well on its way to developing a brand new image as its efforts to expand its non-travel-related businesses bear fruit. The segment is now nearly neck and neck with the travel-related segment in terms of contrib...

THE following companies saw new developments that may affect trading of their securities on Tuesday:

GROUND handler Sats is setting up a S$37 million central kitchen at an airport in Bengaluru - its first such investment in the Indian market, it said on Monday.

SATS announced, on July 26, that it will be establishing its first central kitchen in India for $37 million. This is SATS’s first major investment in the country, which will see SATS establishing a wholly-owned subsidiary, says the airport services provider. The 14,000 sqm central kitchen marks a ...

CGS-CIMB Research analyst Lim Siew Khee has kept ‘add’ on SATS with an unchanged target price of $4.30 as the airport services provider posted earnings of $6.4 million for the 1QFY2022 ended June, reversing from its loss of $43.7 million in the same period last year. The earnings, which included...

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

IN the early days of the Covid-19 pandemic, ground-handler and in-flight caterer Sats was the beneficiary of generous government dole-outs in the forms of wage subsidies through the Jobs Support Scheme (JSS).

SATS is not done with the acquisition of a controlling stake in Thai frozen food producer Food City. The in-flight caterer is keen to acquire more assets like Food City, according to Alex Hungate, CEO of SATS. “We are looking at a pipeline of acquisition opportunities,” he says at the company’...

Airport services provider SATS reported profit attributable to owners of the company (PATMI) of $6.4 million for 1QFY2022 ended June, reversing from its loss of $43.7 million in the same period last year. Revenue improved 31.6% y-o-y to $275.6 million as travel revenue rose 41.9%, while non-travel r...

THE following companies saw new developments that may affect trading of their securities on Monday: