SATS Agrees to Acquire WFS for an EV of S$3.1 Billion
The uncertain structure and timing of the equity raise will be a short-term overhang. Nevertheless, assuming no synergies, our pro-forma price per...
547 Views
SATS to Buy Worldwide Flight Services (WFS) As Private Equity Exits
SATS is looking to acquire WFS at an EV of €2.25bn with the cash consideration at €1.187bn. This implies an EV/Sales of 1.31x and an EV/EBITDA of...
693 Views
STI Maintains 5.5% YTD Total Return as Economy Grew 3.7% in 1Q22
Singapore’s 1Q22 GDP expanded 3.7% YoY, continuing the above trend momentum seen in 2021 with 7.6% growth. The GDP forecast for the full 2022...
761 Views
MSCI ACWI, ACWI Ex-US, EM Testing Logical Support; Actionable Themes: Defensives & Reopening Stocks
We are testing the March lows in several global indexes, including the MSCI $ACWI, ACWI ex-US $ACWX, and EM $EEM. While this is a logical spot for...
578 Views
Singapore Travel: Back to Live!
The reopening in Singapore is real and nearer to the pre-COVID-19 condition or back to normalcy. Tourism-related names such as SATS, SIA,...
466 Views