SATS Limited (SGX:S58) is the leading provider of gateway services and food solutions to the aviation sector, and hospitality, food, healthcare, freight, logistics and government sectors. Its 2 business segments include the following:
-Food Solutions comprises airline catering, food distribution, industrial catering and frozen food manufacturing
-Gateway Services include a full spectrum of air and cruise travelling services such as airfreight, baggage handling, passenger services, security, warehousing and terminal management
Its network covers various key airports in Asia such as Singapore, Beijing, Tokyo, Delhi and Jakarta.
Being the dominant gateway services provider in Changi Airport and to the various airlines plying their routes here, its earnings results provide important clues to the health and growth of Changi Airport, a vital asset of Singapore aviation sector.
With its 2Q FY17/18 results hot from the oven, let us see how has it performed in the past quarter.
Source: SATS 2Q …