Comment / Dismayed by the new SATS – now 'collaborating' with a mystery global forwarder

Mentioned briefly for read-across purposes only as part of our Forward-Omni merger coverage the other day, M&A-driven, Singapore-based SATS yesterday, 15 August, reported its fiscal Q1 24 numbers to the end of June.

They did nothing to bolster the investment case. Yes, really.

Its stock still changing hands at SG$2.54 today (-3%) – far away from its unaffected share price (close to SG$4) from September – is still near enough a 52-week low of SG$2.35 to wonder how long it would take before ...