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SATS@387
1Q2021 Result
https://links.sgx.com/FileOpen/SATS_1QFY...eID=675505
[Image: uc?id=1rRXxCCNhn8FQ_UwNfYgd0Fes7wJj5VS5]

Stay home and stay safe, everyone.
Heart
SATS raised a lot of cash (close to half a billion) into its balance sheet during Covid-19, in order to endure the winter.  With a combination of gov grants and subsequently using up the cash on its balance sheet, there is still substantial ~200mil of the covid-19 era raised cash left and it would be prudent to invest in future capabilities as it pivots into food processing.

DEVELOPMENT OF SATS FOOD HUB

Apart from housing the institutional catering operations transferred over from the Pandan Loop Properties, the development of the SFH will see advanced food manufacturing with automation and Internet of Things (IoT) deployed to achieve operational efficiency for the business. The SFH will also incorporate an open innovation platform to test-bed new products and services, and provide the channels to commercialise viable food solutions in new markets. The total development costs for the SFH, including equipment, is projected to be approximately S$150 million.

https://links.sgx.com/FileOpen/Developme...eID=706876
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