Just before it went all the way down to 2.60 since the start of the week, I loaded 3 lots @ 2.87.
It was probably due to the overall bearish mood of the market and the rather unconvincing results that SATS released which shows its profits decreased due to rising food prices. In addition, many brokerage calls have been downgraded to sell/hold. I'm rather pessimistic and feel that there may still be further downside but with its stable dividend and with a major shareholder in Temasek Holdings, this may just be a temporary correction. The acquisition of TFK should aid in future profits and also the lack of news on a 3rd ground handler in Changi Airport should be good prospects for the company and we should see it rebound soon.
Have been posting less recently but I hope to post for frequently as I have ORDed as of TODAY!
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