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Predicting SATS’ Q1 results from the operating metric!
By LetsGetRichTgt  •  July 22, 2015
Headline summary Gateway Services flat Food Solutions growth of 2-3% Attempt to predict Q1 FY2015/16 results Business segment proportion of revenue: 60% Food solutions 40% Gateway Geographical proportion of revenue: Singapore 82% Japan 13% Others 5% Take a look at Q1 FY2014/15 aviation operating metric first. Overall Singapore aviation operating metric last year was up about 1.5-2% (heavier on Food Solutions) Overall Singapore revenue (actual) for the quarter was up 1.3%. **Food Solutions revenue dropped despite the growth in Singapore's metric was due to weakening Yen. So, let's try to extrapolate this to Q1 FY2015/16 result, Singapore revenue to similarly grow about 2% Food Solutions to remain flat. WHY? Although more meals were produced (2.5% YoY growth) in Singapore, the Japanese Yen has considerably weakened against the SGD from 2014 to 2015 (largely due to QE in Japan). This weakening of the Yen is expected to offset ......
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By LetsGetRichTgt
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