SATS was lowered to “sell” from “buy” at UOB-Kay Hian Holdings, which cited “looming” cost pressures from its S. Daniels Plc unit. The brokerage cut its share-price estimate to $2.47 from $3.19, according to a report by analysts K. Ajith and Eugene Ng.
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I think so too, may see some rebound today...
FayeFangKaew ( Date: 07-Feb-2011 21:34) Posted:
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two day old news but could why it drop so much today. In any case, an opportunity to invest. http://www.businesstimes.com.sg/sub/companies/story/0,4574,424720,00.html?
YSL888 
. I dunno who i sold mine to at 2.91.
. I dunno who i sold mine to at 2.91.
Out of 5 broking house, only 1 maintain buy tp $3.30 and others all downgrade to hold or sell with tp range from $2.93 to $2.42. How can price move up against such great current, more ever the price chart has scary long selling black candles for contuinious few days and break down below its 200ma line.
However, being a healthy company and strong yield provider, it may be a good buy when it does hit down to price @ $2.42 as recommended by CIMB. Let's see.........
bsiong ( Date: 02-Feb-2011 12:48) Posted:
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SATS Ltd – 3QFY11 Results (Derrick Heng)
Recommendation: Buy
Previous close: S$2.80
Fair value: S$3.30
- Revenue increased by 1.5% to S$440.9mn, PATMI decreased 4.1% to S$51.2mn.
- PATMI in line with our expectations, but could have increased 2% after removing effects of one off M& A expense.
- Food Price inflation remains a concern and would likely result in pressure on profit margins in the near term.
- Maintain Buy recommendation with revised target price of S$3.30.
/ps//
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OCBCIR By Lee Wen Ching Wed, 2 Feb 2011, 09:55:39 SGT |
SATS Ltd (SATS) reported its 3Q11 results with revenue growing 1.5% YoY to S$440.9m. Reported net profit declined 4.1% YoY to S$51.2m, but stripping away non-recurring items such as M& A costs and jobs credit, core net profit would have grown 8.6% YoY to S$54.5m, just 5% shy of the street’s S$57.3m estimate. For its 9M11, revenue has increased 6.6% to S$1.2b while underlying net profit has gained 20.9% to S$144.0m, forming 72% of ours and consensus’ full year estimates. Going forward, we identify growth catalysts stemming from the continued recovery of the aviation sector, coupled with earnings accretion from its TFK acquisition from FY13 onwards. We remain generally positive on the stock, but due to a transfer of analyst coverage, we are putting our BUY rating and S$3.31 fair value estimate under review.
| SATS rating cut to ‘Sell’ from ‘Buy’ by UOB on cost pressures |
| WRITTEN BY BLOOMBERG | ||
| WEDNESDAY, 02 FEBRUARY 2011 11:42 | ||
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" Australia cyclone upgraded to top threat level
A terrifying cyclone roaring towards Australia has strengthened to the most dangerous threat level, as forecasters warned it was shaping up as the deadliest storm in generations.
Severe Tropical Cyclone Yasi was upgraded to a category five storm from category four as it menaced the populous east coast, where it was expected to hit around 10:00 pm (1200 GMT) on Wednesday, the Bureau of Meteorology said.
" This impact is likely to be more life-threatening than any experienced during recent generations," it said in an ominous warning that raised the expected strength of the looming storm.
Yasi, packing a storm front 650 kilometres (400 miles) long and an eye measuring about 35 kilometres across, was on course to slam into the populous area between the tourist hub of Cairns and Cardwell to the south.
It was expected to generate highly destructive winds of more than 280 kilometres (175 miles) per hour, 700 millimetres (27.5 inches) of rain and a storm surge that could flood towns and tourist resorts.
" The next 24 hours is going to be, frankly, a very terrifying 24 hours for the people in the danger area," Queensland Premier Anna Bligh said, adding it was " the most severe, the most catastrophic storm to ever hit our coast."
The monster cyclone was over the Coral Sea about 650 kilometres offshore early Wednesday as thousands of locals and tourists fled the coast of northern Queensland state while they still could.
Seaside residents were urged to desert their homes ahead of an " extremely dangerous" storm surge of between 2.3 and four metres (yards) that was likely to cause extensive flooding..........................."
Will Au locals and tourists fled to Singapore for holiday or head to Genting SP?????????????
SATS result disappointing, price drop like no business. 200MA broken expect more fall. Good stock to pick up a bit later for good divdend yields. HeHe, aimimg @ $2.45
YSL888 ( Date: 31-Jan-2011 12:09) Posted:
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C958B8E97A9743494825782A002FDC42/$file/SGX_3QFY1011_final.pdf?openelement
Media Release
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C958B8E97A9743494825782A002FDC42/$file/MediaRelease_3Q10_11.pdf?openelement
Presentation
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C958B8E97A9743494825782A002FDC42/$file/3Q10_11_SATS_Presentation.pdf?openelement
It was a choice between SATS or Noble. Which was lucky cos Noble was at 2.34 at that time 14th jan. Was allocating funds to maintain div % on my portfolio. Trying to maintain portfolio at 5% across the board. Needed more stable counters.
I know. But if i know when i should buy i should be sitting on an altar already hehehe. Thanks for the insight.
marubozu1688 ( Date: 31-Jan-2011 20:23) Posted:
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You should not buy at that price at the 1st place. You are buying near resistance and also SATS is not under value at that price.
SATS breakdowns from Multiple Tops.
http://mystocksinvesting.com/singapore-stocks/sats/sats-breakdown-from-multiple-tops/
alianto1969 ( Date: 24-Jan-2011 09:30) Posted:
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If SATS drop below $2.77 its 200MA price, then further softening is expexted.
Hulumas ( Date: 21-Dec-2010 14:29) Posted:
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But why CIMB has posted twice; one at Dec 2010 and now 29 Jan 2011 again for being their Top 10 sell list for 2011? Understand other brokering firm (a few of them )are postive about SATS and their target prices range from $3.31 to $3.80, where CIMB target only $2.42, so much different.
There is a fear for 3rd ground handler licsense to be issue which will be threating SATS for their shares in our airports and airline business when their contract going to due soon. Is this posing diluted earnings or future business for SATS or otherwise? BTW SATS shares price going down like this for the past week just before 01feb2011 its company result announcement reflect/indicate it might have not so good figures to inpress any funds, or funds might have earlier info where they might had dump before their annocuncement!! (This is only my personal view/concerns)
krisluke ( Date: 28-Jan-2011 12:32) Posted:
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Thanks will hold for the time being.
SATS: Deutsche reinstates Buy with TP $3.80 citing co’s strong position in both aviation and food solutions sectors. House has robust regional aviation outlook (8% air traffic growth) and co is well positioned to take adv of growth coupled with growing food solution biz. Co’s size and ability to offer comprehensive services to support its mkt position against competitors.
TFK acquisition is expected to be value accretive and co has opportunities for further value-accretive acquisition given net cash of S$160m. Risks include falling air traffic, inability to integrate TFK and unfavourable regulations. SATS was valued at 2011e P/E of 12.8x vs aviation peer avg of 19.4x.
TFK acquisition is expected to be value accretive and co has opportunities for further value-accretive acquisition given net cash of S$160m. Risks include falling air traffic, inability to integrate TFK and unfavourable regulations. SATS was valued at 2011e P/E of 12.8x vs aviation peer avg of 19.4x.
Bought at 2.89 on jan 17th hope it goes up. any advises or insight?
Would the record passenger figures handled at Changi Airport this year have a postitive impact on SATS revenue?
Results will be out on 01feb2011 after market hours, wonder if it is good beating analyst forecast? I think they are hitting at the wrong timimg even if results are good. Markets seems to be in correction and might last until early feb after Chinese New Year with chinese policy maker decision to deal with their interest rate.
Anyway Sats still trading within its Long Ascending Triangle with apex stretch till mid July 2011; normally breahout occur only about a month before its triangle apex which is june 2011 ( If the ascending triangle is valid)