|Bid||5.13 x 0|
|Ask||5.14 x 0|
|Day's range||5.09 - 5.16|
|52-week range||4.55 - 5.39|
|PE ratio (TTM)||22.95|
|Earnings date||6 Feb 2018 - 13 Feb 2018|
|Forward dividend & yield||0.08 (2.45%)|
|1y target est||5.29|
Thanks to higher contributions from Indonesia, India, and China. SATS Limited's (SATS) underlying profits rose by 5% YoY from $62.1m last year to $65.2m in Q2. The profits exclude the $7m gain from the ...
Jetstar Asia has appointed SATS Ltd to supply catering and catering logistics on board all 18 aircraft, which operates more than 600 flights a week. From August 1, 2017, the new agreement will broaden the meal options for customers and offer seasonal menus on-board all Jetstar Asia flights. “With more than four million passengers flying with Jetstar Asia every year, the in-flight products are an important element in managing customer satisfaction.
In May 2016, SI Research identified an opportunity to be positive on SATS as valuations fell lower following the release of the group’s FY16 results.
SATS’ 4Q17 PATMI of $66.6m was in line with our forecasts. However, excluding a one-off $15m negative goodwill charge, the results were lower than our expectations primarily due to softer Food Solutions revenue and higher staff cost.