Shares & Derivatives
Surprised by SATS FY22 Result
By Stocks N Savings  •  May 30, 2022
I must admit - I am surprised by SATS FY2022 result:
  • Revenue grew 21.3% to S$1,176.8m

  • OpEx grew even more (24.4%) to S$1,219.4m

  • Core PATMI is a loss of S$8.5m

Thanks to govt relief and its associates' profits, the company was able to eke out a 1.8 cents EPS. Figure is way below Street concensus. Given that SATS stock price has been soaring recently, I will be watching to see if there is a selldown tomorrow. Going to eat my dinner first before I start digesting the company's earnings report....

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By Stocks N Savings
SS is a wage slave in his early forties. He works in the information technology industry. (Technically, his employer has been operating a cloud-based Software as a Service (SaaS) platform long before the world has heard about the Internet.)
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