Comment / Healing SATS at 52-week highs – worth a look

old and new way

ID 49050485 © Constantin Stanciu | Dreamstime.com

By Alessandro Pasetti

07/06/2024

Moving from US-based Forward Air’s (FWRD) horror show – our latest rally-related FWRD update out here yesterday – to another so-far stressful deal+debt-heavy situation, that of Singapore Airport Terminal Services (SATS), is quite a natural step at Premium.

But as opposed to FWRD, having had more time to heal, SATS in on the mend.

(Just over a year now after completion of a transformational takeover of France’s Worldwide Flight Services, aka WFS.)

The common thread, in case both names just popped up on ...

Comment on this article

You must be logged in to post a comment.

Topics

private equity SATS Temasek

Most read news

MSC port arm to buy Hutchison ports including Panama and Felixstowe

Carriers put on a brave face amid further decline in ocean spot rates

'Think again' call – China ship fee would double US export costs

MSC box ship hit by Russian missile in Odessa

Expect a shift in airfreight market as ecommerce changes tack

K+N 'still number-one' in air and ocean – but it's not all good news

US Chinese ship penalties will hit transatlantic trade hardest – Soren Toft

Liners cut long-haul sailings, but 'it won't be enough' to stop rates tumbling

Congestion at Asian and European ports keeping charter rates firm

CMA CGM posts 'solid' 2024 results, but sees choppy waters ahead

Kuehne + Nagel – another bad day at the office

U-turn on Canada/Mexico tariff delay – 'drugs still pouring in', says Trump

TPM: Gemini carriers making good on schedule reliability promise, so far

Canada and Mexico eye retaliation as 25% tariffs come in

South Korean carriers asked to go on reserving slots for SME exporters

DHL Global Forwarding misses profit expectations, despite strong Q4