SGX Stocks and Warrants

Author: kimeng   |   Latest post: Fri, 14 Jun 2019, 9:23 AM


SATS Ltd: Steady Set of Results

Author:   |    Publish date:

SATS Ltd reported an 11.3% YoY rise in revenue but saw a 23.7% fall in net profit to S$49.9m in 4QFY19, mainly due to a 62.9% fall in share of associates and JVs. This brought full year net profit to S$248.4m, which was a 5.0% fall from a year ago.

Excluding one-off items, reported core earnings grew 2.2% to S$241.4m for FY19, which was within our expectations. For the full year, Food Solutions saw a 4.4% increase in revenue while Gateway Services reported a 7.9% growth. Free cash flow remained healthy.

The group has declared a final dividend of S$0.13/share, bringing the full year dividend to S$0.19/share, compared to S$0.18/share last year. Pending an analyst briefing, we maintain our HOLD rating but put our fair value estimate of S$5.23 under review.

Source: OCBC Research - 17 May 2019

Share this
Labels: SATS

Related Stocks

Chart Stock Name Last Change Volume 
SATS 5.14 +0.05 (0.98%) 1,085 

  Be the first to like this.


147  119  159  676 

Top 10 Active Counters
 Genting Sing 0.885+0.005 
 SingTel 3.33-0.02 
 Jasper Inv 0.0040.00 
 ThaiBev 0.8350.00 
 Synagie 0.128+0.001 
 Rex Intl 0.069-0.002 
 Thomson Medical 0.063+0.002 
 NetLink NBN Tr 0.85+0.005 
 AEM 0.995-0.005 
 LionGold 0.0010.00 
Partners & Brokers