1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. SATS Ltd.
  6. News
  7. Summary
    S58   SG1I52882764

SATS LTD.

(S58)
  Report
Delayed Singapore Stock Exchange  -  05:14 2022-08-08 am EDT
4.050 SGD   -0.25%
08/05SATS Ltd. Announces Resignation of S. Prema as the Secretary, Effective 16 September 2022
CI
07/27DBS Adjusts SATS' Price Target to SG$4.30 From SG$4.50, Keeps at Hold
MT
07/27CGS-CIMB Adjusts SATS' Price Target to S$4.47 From S$4.88, Keeps at Add
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SATS Ltd. Invests SGD 150 Million in Food Production Automation

04/07/2022 | 06:01am EDT

SATS Ltd. announced it has commenced a lease agreement with JTC to build an innovative food hub in Singapore's Jurong Innovation District. The move aligns with SATS' strategy to strengthen its Singapore core while growing international and non-travel businesses. The project will bring together all of SATS' expertise in food production­ culinary, food technology, supply chain, innovation, sustainability, digitalisation, food safety and nutrition to transform current food production processes. The company will deploy automation and robotics to achieve operational efficiency and hone vital new skills for the future. For example, processes within the hub will be networked with Internet of Things (IoT) technology to provide data that will aid planning, increase asset utilisation and reduce food waste. Large-batch production of meals will be automated to achieve efficiency, and certain manual processes such as meal assembly will potentially be carried out by robotic finger grippers and auto dispensing units for various food components. The company will also expand the SATS Global Innovation Centre (SGIC) to the hub, enabling it to tap into the location's close connectivity to food tech start-ups, SMEs and institutions of higher learning to develop an open collaboration platform for innovation partnerships. SGIC is a network that includes SATS Innovation Hubs in Singapore and the UK, creating opportunities for cross-border collaborations. SATS Food Hub aims to bring new vitality into Singapore's Jurong Innovation District and its community with an experiential centre in the hub. Visitors to the hub will learn about food innovations and sustainability through educational tours of the facility. SATS Food Hub is expected to be completed in 2024 and will occupy an area of 20,000 sqm. The five-storey building will have facilities for food manufacturing, production kitchens, innovation lab, warehousing and logistics centre, food court and experiential centre. It is designed to meet Singapore's Building and Construction Authority Green Mark Platinum certification.


© S&P Capital IQ 2022
All news about SATS LTD.
08/05SATS Ltd. Announces Resignation of S. Prema as the Secretary, Effective 16 September 20..
CI
07/27DBS Adjusts SATS' Price Target to SG$4.30 From SG$4.50, Keeps at Hold
MT
07/27CGS-CIMB Adjusts SATS' Price Target to S$4.47 From S$4.88, Keeps at Add
MT
07/22SATS Ltd. Reports Earnings Results for the First Quarter Ended June 30, 2022
CI
07/13Citi Research Adjusts SATS' Price Target to S$4.70 From S$4.60, Keeps at Buy
MT
07/13SATS Disposing of Interest in Malaysian In-Flight Caterer
MT
06/22UOB Kay Hian Adjusts SATS' Price Target to SG$4.20 From SG$4.75, Keeps at Buy
MT
06/01DBS Downgrades SATS to Hold From Buy, Adjusts Price Target to SG$4.50 From SG$4.90
MT
06/01UOB Kay Hian Adjusts SATS Price Target to SG$4.75 From SG$4.85, Keeps at Buy
MT
05/30SATS Ltd. Reports Earnings Results for the Full Year Ended March 31, 2022
CI
More news
Analyst Recommendations on SATS LTD.
More recommendations
Financials
Sales 2023 1 690 M 1 222 M 1 222 M
Net income 2023 53,1 M 38,4 M 38,4 M
Net cash 2023 376 M 272 M 272 M
P/E ratio 2023 89,0x
Yield 2023 0,66%
Capitalization 4 553 M 3 293 M 3 293 M
EV / Sales 2023 2,47x
EV / Sales 2024 1,76x
Nbr of Employees 14 600
Free-Float 98,7%
Chart SATS LTD.
Duration : Period :
SATS Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SATS LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 4,06 SGD
Average target price 4,46 SGD
Spread / Average Target 9,79%
EPS Revisions
Managers and Directors
Tee Heong Mok President, CEO & Executive Director
Kok Khong Seah Chief Financial Officer
Yiu Kiang Goh Non-Executive Chairman
Pak Kuan Kok Independent Non-Executive Director
Soo Nan Tan Independent Non-Executive Director