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An update from SATS ( (SG:S58) ) is now available.
SATS Ltd. announced a significant investment of over S$250 million to upgrade and transform its capabilities at Changi Airport. This investment aims to enhance ground operations and cargo handling infrastructure, with S$150 million allocated for renewing and expanding the ground support equipment fleet over five years and S$100 million for enhancing cargo operations over two years. These initiatives are expected to improve operational reliability, safety, and efficiency, supporting increased cargo volumes and the future expansion of Changi Airport. The investment underscores SATS’ commitment to the Changi ecosystem and highlights the strategic importance of the Singapore Air Hub to its global business operations.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$3.60 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
More about SATS
SATS Ltd. is a leading global provider of air cargo and ground handling services. The company focuses on enhancing operational efficiency and safety at airports, particularly at Singapore’s Changi Airport, through its dedicated business division, SG Hub. This division offers a range of critical airport services, including passenger handling, baggage services, aircraft handling, security, and cargo handling, contributing to the global competitiveness of Singapore’s Air Hub.
Average Trading Volume: 6,227,838
Technical Sentiment Signal: Sell
Current Market Cap: S$4.41B
Find detailed analytics on S58 stock on TipRanks’ Stock Analysis page.