SATS announced its 3QFY20 results on 13 February after the market closes. As expected, the results weren’t pretty. We highlighted in a short write-up of the company back in early December 2019 that the company will be negatively impacted by 3 near term headwinds: Margins pressure from consolidation Persistent cargo weakness Disruption in Hong Kong … Read more
We recently wrote a results preview note for SATS, with the conclusion that its 2QFY20 results will remain lackluster due to margins pressure from cargo weakness. True enough, the company’s 2QFY20 results were below market expectations, with across-board downward earnings revision from the street. SATS: Long-term fundamentals in-tact Don’t get me wrong. I am positive … Read more
Venture announced its 3Q19 results after market hours on 8 November. Market was not impressed despite a 5% YoY earnings growth and consequently, its shares were sold down c.6%. Several brokerage also downgraded the counter to a Neutral rating. We have previously written about Venture in our article: VENTURE CORP DECLINED BY 4% DESPITE SOLID … Read more
