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    S58   SG1I52882764

SATS LTD.

(S58)
  Report
Delayed Singapore Stock Exchange  -  04:06 2022-12-05 am EST
2.840 SGD   +6.37%
11/29Capital A to combine AirAsia and AirAsia X as part of restructuring plan
RE
11/21PhillipCapital Starts SATS at Accumulate With SG$3.02 Price Target
MT
11/17OCBC Adjusts SATS' Price Target to SG$3.26 From SG$4.72, Keeps at Buy
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SATS in talks to buy Worldwide Flight Services in reported $3 billion deal

09/21/2022 | 06:23am EST

(Reuters) -Singapore-based ground handling services firm SATS Ltd on Wednesday confirmed that it is in discussions to acquire air cargo logistics company Worldwide Flight Services.

Bloomberg had reported earlier in the day that the potential deal could be worth as much as $3 billion, and that SATS had sounded out financing for the potential purchase.

SATS, which also provides in-flight catering services, has said discussions concerning the transaction are developing and there is no certainty that it will proceed. Definitive terms for a potential acquisition have not been reached yet, it said.

Shares in SATS were up 0.7% at S$4.09 on Wednesday, but were halted after the Bloomberg report.

Paris-based Worldwide Flight Services is owned by private equity firm Cerberus Capital Management. It operates in more than 165 locations across 17 countries, and is the world's biggest air cargo operator, according to the company's website.

The company did not immediately respond to a Reuters request for comment.

(Reporting by Harish Sridharan in Bengaluru; editing by Uttaresh.V)


ę Reuters 2022
All news about SATS LTD.
11/29Capital A to combine AirAsia and AirAsia X as part of restructuring plan
RE
11/21PhillipCapital Starts SATS at Accumulate With SG$3.02 Price Target
MT
11/17OCBC Adjusts SATS' Price Target to SG$3.26 From SG$4.72, Keeps at Buy
MT
11/10Singapore Stocks End in Green; SATS Shares Drop 6% on Turning to Loss in Fiscal H1
MT
11/10SATS Turns to Loss in Fiscal H1; Shares Fall 6%
MT
11/09SATS Ltd. Reports Earnings Results for the Half Year Ended September 30, 2022
CI
10/19UOB Kay Hian Upgrades SATS to Buy From Hold After Sharp Drop in Share Price, Adjusts Pr..
MT
10/14SATS Ltd. Appoints Ian Chye as Company Secretary, Effect from 15 October 2022
CI
09/29UOB Kay Hian Downgrades SATS to Hold From Buy, Adjusts Price Target to SG$3.82 From SG$..
MT
09/28SATS to Acquire Air Cargo Handler Worldwide Flight Services for Over $1 Billion
MT
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Analyst Recommendations on SATS LTD.
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Financials
Sales 2023 1 679 M 1 239 M 1 239 M
Net income 2023 28,2 M 20,8 M 20,8 M
Net cash 2023 372 M 275 M 275 M
P/E ratio 2023 146x
Yield 2023 0,80%
Capitalization 3 193 M 2 356 M 2 356 M
EV / Sales 2023 1,68x
EV / Sales 2024 1,09x
Nbr of Employees 11 100
Free-Float 98,7%
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Technical analysis trends SATS LTD.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 2,84 SGD
Average target price 3,89 SGD
Spread / Average Target 37,0%
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