SATS

(22-05-2014, 04:02 PM)Breadman25 Wrote: Wow! 8 cts. So tempting. Good for those who are vested. I have been looking at Sats for some time now. But i havent studied enough of this company to warrant a entry.

It was 10c last year, just the company called it "special dividend".

PUBLISHED MAY 23, 2014
SATS: Why it pulled out of SCC deal
BYNISHA RAMCHANDANI
nishar@sph.com.sg @Nisha_BT

SATS' decision against going ahead with the $110 million acquisition of the Singapore Cruise Centre (SCC) - a decision it made jointly with Temasek Holdings - was based on developments in the Asian cruise market, its chief executive Alex Hungate has said. SATS had last year unveiled plans to buy SCC from Temasek, but announced last week that it was pulling out of the deal.
"It was based on developments in the Asian cruise market and subsequently, we talked about the growth in the large technical cruise ships coming to Asia," Mr Hungate said, in a reference to the recent announcement that Royal Caribbean would offer year-round sailings from Marina Bay Cruise Centre (MBCC). SATS owns MBCC.
The global cruise operator, which has its Mariner of the Seas vessel at MBCC during the northern hemisphere's winter months, now plans to move its Legend of the Seas ship to Singapore during the summer months too, in a nod to Singapore's status as a year-round cruise centre.
Mr Hungate said: "This way, we can start to make money - hopefully, all the way through the year." He noted that previously, losses in the summer months would drag down the stronger performance from the winter months.
In a report dated May 14, Phillip Capital's analyst Richard Leow wrote that with the industry going for larger ships, SATS would likely be unable to realise the returns it previously envisaged through the investment in SCC.
This is because the existing HarbourFront Terminal, which SCC owns, is unable to accommodate larger ships because of the height restrictions imposed by the Sentosa cable car line.

Since when does SATS owns MBCC??

I guess the operator is considered the owner...;p

(23-05-2014, 05:38 PM)lonewolf Wrote: Since when does SATS owns MBCC??

Source: OCBC MarketPulse

SATS Ltd: Uninspiring 1QFY15 results

SATS’s 1QFY15 results came in below our expectations. PATMI dropped 6.3% YoY to S$43.3m, which is 4.6% below our estimate. This is due to: 1) lower operating margin (-0.3ppt to 9.1% in 1QFY15) mainly caused by higher staff costs, and 2) lower contributions from associates and JVs (-16.8% YoY to S$10.4m in 1QFY15) on the back of muted Asian cargo volumes. Management guided that headcount reduction will continue as processes are made more efficient. Capex spending will stay elevated. Since initiatives to create operating leverage are multi-year processes, we are not too worried about the current fall in operating margin. Incorporating the latest results and retaining a 20x FY15F PER, we derive a lower TP of S$3.20 (previous: S$3.23). Maintain HOLD. (Yap Kim Leng)

SATS Q2 profit falls 3.3%
By
Joyce Hooijoyceh@sph.com.sg@JoyceHooiBT
14 Nov5:50 AM
Singapore

SATS Ltd posted a 3.3 per cent decrease in net profit to S$47.1 million for the second quarter ended Sept 30, 2014, after the market closed on Thursday.

Operating profit was also lower, declining by 8.8 per cent to S$42.5 million, which the airport services group

(14-11-2014, 07:33 AM)greengiraffe Wrote: SATS Q2 profit falls 3.3%
By
Joyce Hooijoyceh@sph.com.sg@JoyceHooiBT
14 Nov5:50 AM
Singapore

SATS Ltd posted a 3.3 per cent decrease in net profit to S$47.1 million for the second quarter ended Sept 30, 2014, after the market closed on Thursday.

Operating profit was also lower, declining by 8.8 per cent to S$42.5 million, which the airport services group

Does anyone know how big will the cruise business be for SATs or have they pulled out totally already?
There is really a dearth of public information...anywhere i can find more information?

Edited Emailed Sandy IR, awaiting reply
Vested

(21-11-2014, 11:33 AM)Stephen Wrote:

(14-11-2014, 07:33 AM)greengiraffe Wrote: SATS Q2 profit falls 3.3%
By
Joyce Hooijoyceh@sph.com.sg@JoyceHooiBT
14 Nov5:50 AM
Singapore

SATS Ltd posted a 3.3 per cent decrease in net profit to S$47.1 million for the second quarter ended Sept 30, 2014, after the market closed on Thursday.

Operating profit was also lower, declining by 8.8 per cent to S$42.5 million, which the airport services group

Does anyone know how big will the cruise business be for SATs or have they pulled out totally already?
There is really a dearth of public information...anywhere i can find more information?

Edited Emailed Sandy IR, awaiting reply
Vested

In their last AGM, I remember they say the investment is quite heavy and the return is risky and they are looking for other markets overseas. They understand cost is rising and they are looking further into automation. IMO this company seem well managed and should the price dips, it should provide opportunities to accumulate for long-term investment.

(21-11-2014, 11:59 AM)rainmaker Wrote:

(21-11-2014, 11:33 AM)Stephen Wrote:

(14-11-2014, 07:33 AM)greengiraffe Wrote: SATS Q2 profit falls 3.3%
By
Joyce Hooijoyceh@sph.com.sg@JoyceHooiBT
14 Nov5:50 AM
Singapore

SATS Ltd posted a 3.3 per cent decrease in net profit to S$47.1 million for the second quarter ended Sept 30, 2014, after the market closed on Thursday.

Operating profit was also lower, declining by 8.8 per cent to S$42.5 million, which the airport services group

Does anyone know how big will the cruise business be for SATs or have they pulled out totally already?
There is really a dearth of public information...anywhere i can find more information?

Edited Emailed Sandy IR, awaiting reply
Vested

In their last AGM, I remember they say the investment is quite heavy and the return is risky and they are looking for other markets overseas. They understand cost is rising and they are looking further into automation. IMO this company seem well managed and should the price dips, it should provide opportunities to accumulate for long-term investment.

Thanks Rain, is there mention of any revenue contirbution..seriously MBCC seems like a ghost town to me. There is also totally no mention of anything cruise in their latest statements.

(21-11-2014, 11:33 AM)Stephen Wrote:

(14-11-2014, 07:33 AM)greengiraffe Wrote: SATS Q2 profit falls 3.3%
By
Joyce Hooijoyceh@sph.com.sg@JoyceHooiBT
14 Nov5:50 AM
Singapore

SATS Ltd posted a 3.3 per cent decrease in net profit to S$47.1 million for the second quarter ended Sept 30, 2014, after the market closed on Thursday.

Operating profit was also lower, declining by 8.8 per cent to S$42.5 million, which the airport services group

Does anyone know how big will the cruise business be for SATs or have they pulled out totally already?
There is really a dearth of public information...anywhere i can find more information?

Edited Emailed Sandy IR, awaiting reply
Vested

Good afternoon Stephen san and everyone.

here-

http://infopub.sgx.com/FileOpen/Proteus%...eID=296569

<vested-oldpot>