Latest news with #SATS
CNA
3 hours ago
- Business
- CNA
SATS managing ongoing trade uncertainty by focusing on its customers: CEO Kerry Mok
As trade tensions continue to cast a shadow on the air freight industry, SATS CEO Kerry Mok said the Singapore-based cargo handling company is staying nimble and focusing on customers. He was speaking on the sidelines of the Air Cargo Europe trade fair in Munich. SATS — the world's biggest provider of air cargo handling services — plans to invest S$250 million to expand capacity and upgrade its fleet over the next five years. Ross Cullen reports.
Business Insider
4 days ago
- Business
- Business Insider
EchoStar Stock (SATS) Dives 20% on Missed Payment
EchoStar (SATS) stock dove on Friday after the satellite communication company announced it won't make a $326 million cash interest payment due today. This payment is tied to its 10.75% senior spectrum secured notes due 2029. The company notes this decision is a default on its payment, and it has a 30-day grace period to make the payment. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter EchoStar decided not to make the payment due to Federal Communications Commission (FCC) review of its 5G service offerings and September 2024 buildout plan. This could result in the reversal of FCC grants offered to EchoStar. The company said this 'has effectively frozen our ability to make decisions regarding our Boost business.' It expects an FCC decision within the 30-day grace period, which could result in it making that payment in time. SATS stock was down 20.92% on Friday following the missed payment news. The company's shares have also dropped 11.92% year-to-date as of Thursday's close. Is SATS Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for EchoStar is Hold, based on one Buy and three Hold ratings over the past three months. With that comes an average SATS stock price target of $26.67, representing a potential 32.23% upside for the shares.
The Hindu
5 days ago
- General
- The Hindu
Taking baby steps to regulate pre-schools
Exactly how many pre-schools are there in Karnataka? The Department of School Education and Literacy (DSEL) has no accurate answer to this question, thanks to the fact that there has so far been no system in place for registering all pre-schools in the State. A lack of separate rules and regulations or a consistent monitoring system has led to the mushrooming of private pre-schools or early childhood care education centres across Karnataka. While pre-schools running as part of government and private schools are obtaining permission from the DSEL, most stand-alone pre-schools are operating without any approval. In addition, most of those run by corporates as franchise schools and pre-schools too are operating without a monitoring mechanism. There have been allegations that the government or the DSEL has no control over pre-schools, and parents are being exploited by way of exorbitant fees, expensive textbooks, etc. In addition, questions have been raised about the safety and protection of children. Now, for the first time, the Karnataka government has taken steps to register all types of pre-primary schools, including play homes, Montessori, and nurseries, with objectives including child safety and streamlining of private pre-schools. What order says The DSEL issued an order on May 27, 2025, stating that, as per the Karnataka Educational Institutions (Classification and Registration) Rules, 1997, pre-primary education means non-formal education below the first standard for children between the ages of three and five, whether called play homes, Montessori, nursery, etc. The department stated in the order that all 'newly started' pre-schools must be registered compulsorily. Trusts and school managements have been allowed to apply before starting new private unaided pre-primary schools through the newly developed online module on the Student Achievement Tracking System (SATS) portal. Criteria adopted for registration to start a new private unaided pre-primary school include having a building with a carpet area of one square metre per student, subject to a minimum of 2,000 sq. ft, preferably on the ground floor with a playground, either owned or taken on lease for at least 30 years. In addition, the order states that a building fitness certificate and fire safety clearance certificates should be obtained from the competent authority. Physical safety (infrastructure, health, and transportation), personal and sexual safety, and social and emotional safety should be ensured. 'From this year, registration of all pre-schools has been made mandatory. This order has been sent to all district- and taluk-level officers, who have been instructed to register all types of pre-schools in their jurisdiction. Till now, there were no regulations in the department regarding the registration of pre-schools. We also developed a separate module on the SATS portal for pre-schools to register, and it is mandatory for all new pre-schools to register,' says K.V. Trilokchandra, Commissioner, Department of Public Instruction. The Central Board of Secondary Education has made registration of pre-schools under its jurisdiction mandatory from this academic year. No clarity on numbers According to an estimate, there are around 45,000 pre-schools across the State, out of which about 20,000 are integrated pre-schools in government and private schools, permitted by the DSEL. However, the department does not have information about the number of stand-alone pre-schools, including those run as part of franchise chains. Though some stand-alone pre-schools are run after obtaining permission from the DSEL, the department is not monitoring them in any way, once permitted. Now, although the government has made registration mandatory for new pre-schools starting from 2025-26, there is no clarity on whether these rules apply to existing schools. There is now a demand from parents, educationists, and other stakeholders to issue comprehensive regulations or standard operating procedures (SOPs) applicable to all pre-schools across the State for the safety of children. What are the demands Stakeholders point out that many aspects, including fees, are arbitrary in pre-schools. Although the government has no control over fee fixation in private schools, the rules allow for the regulation of a fee increase of only 10% to 12% a year. In addition, the details of the fees charged by private schools have to be published on the notice board. However, since none of these rules apply to pre-schools, a modest private pre-school in tier-1 cities like Bengaluru charges ₹30,000 to ₹50,000 per student a year. There are even instances of big private schools charging ₹1 lakh to ₹1.5 lakh a year for pre-school admission. 'Pre-schools have become a big business now, and they charge more than regular schools. Private pre-schools charge huge fees in the name of uniforms, textbooks, and other things. If parents question this, schools tell them to enrol their children elsewhere. That's why the government should bring in fee regulation for private pre-schools,' said Tanuja M., mother of a pre-school child and a bank employee in Bengaluru. Safety of children and the absence of a child-friendly atmosphere are also a concern, as many of the stand-alone pre-schools in the State are being run in residential houses and commercial complexes without any safety measures. 'There is a rule that pre-schools should be started only on the ground floor of a building for the safety of children. However, many stand-alone pre-schools are functioning on the upper floors. Despite several complaints to the Education Department in this regard, nothing has changed. If any accident occurs, who is responsible?' asks B.N. Yogananda, president of the Parents Association. No uniform curriculum Another issue often flagged is the absence of a uniform curriculum in pre-schools. Earlier, the State government had implemented the 'Chili-Pili' curriculum in the pre-schools under its jurisdiction and in those in anganwadi centres. It has now been updated as 'Chili Pili-Plus'. However, there is no uniform or single curriculum applicable to all pre-schools in the State. 'As per rules, there should be no fixed curriculum in pre-schools. Children should have a play-based method of learning. Children are taught to write right from the start in many pre-schools. But language learning includes listening, learning, speaking, reading, and finally writing. Imposing the writing method at the pre-school level will affect the learning of children. Therefore, the State government should take steps to implement a curriculum that is applicable to all pre-schools and is conducive to the overall development of children,' says V.P. Niranjanaradhya, development educationist. Age limit violation Some pre-schools are also found to be enrolling children who are underage, violating the age criteria, leading to problems later when they join primary school. As per the National Education Policy-2020, in July 2022, the DSEL made it mandatory for the completion of six years by June 1 for admission to class 1. Accordingly, the age for admission to Montessori was set at three years, for LKG at four years, and for UKG at five. However, as a temporary step, the department relaxed the six-year age cap for school enrolment for two years. According to that order, it was mandatory to follow the age rule from 2025-26. But, despite the order, most pre-schools continue to enrol children who are under the prescribed age. Buckling under pressure, the government recently postponed the implementation of the age limit rule for admission to class 1 to the next year. SOP for pre-schools 'Child protection is a fundamental right in the United Nations Convention on the Rights of the Child (UNCRC). The UNCRC talks of children's survival rights, developmental rights, protection rights, and participation rights. In addition, according to Article 39(e) and (f) of the Indian Constitution, it is the responsibility of the State to raise children in a healthy and meaningful way. Even if the State does not run any institutions, it should formulate guidelines or SOPs for those who run institutions. There are no regulations related to the safety of children in pre-schools and protection from exploitation and discrimination. Therefore, in the interest of the protection of children, the Karnataka government should bring a comprehensive regulation or SOP for pre-schools,' says Niranjanaradhya. He points out that Section 11 of the Right of Children to Free and Compulsory Education Act, 2009, focuses on pre-school education for children. It mandates that the government provide free pre-school education to children above the age of three to prepare them for elementary education and offer early childhood care and education until they turn six. 'The Karnataka Education Act, 1983, has allowed the government to regulate all pre-schools, including government and private ones. Therefore, the State Education Policy that the Karnataka government intends to implement should at least make appropriate rules regarding the regulation and management of pre-schools,' he says. New regulation welcomed Meanwhile, the Associated Managements of Schools in Karnataka (KAMS), an association of private school managements, has termed the order issued by the government on registration of pre-schools as a good start. 'Although the State government had issued an order on the registration of pre-schools in 2018, the department has not implemented it. Despite several appeals and protests, unauthorised pre-schools have continued to mushroom. Since there is no fee regulation, they are exploiting children and parents. In many places, there is not even a minimum infrastructure. Therefore, the government has made the registration of pre-primary schools mandatory from this year, which is a healthy development. From now on, all types of pre-schools in the State must be registered compulsorily. If they are not registered, they will be considered unauthorised. IDs will not be created in SATS for children in such pre-schools,' says D. Shashikumar, general secretary of the KAMS. (Edited by Giridhar Narayan)
Yahoo
26-05-2025
- Business
- Yahoo
SATS (SGX:S58) Is Paying Out A Larger Dividend Than Last Year
SATS Ltd. (SGX:S58) will increase its dividend from last year's comparable payment on the 15th of August to SGD0.035. Despite this raise, the dividend yield of 2.3% is only a modest boost to shareholder returns. We've discovered 1 warning sign about SATS. View them for free. It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. However, SATS' earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to rise by 40.9% over the next year. If the dividend continues on this path, the payout ratio could be 19% by next year, which we think can be pretty sustainable going forward. See our latest analysis for SATS The company has a long dividend track record, but it doesn't look great with cuts in the past. The annual payment during the last 10 years was SGD0.13 in 2015, and the most recent fiscal year payment was SGD0.07. The dividend has shrunk at around 6.0% a year during that period. A company that decreases its dividend over time generally isn't what we are looking for. With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS is growing. Although it's important to note that SATS' earnings per share has basically not grown from where it was five years ago, which could erode the purchasing power of the dividend over time. Earnings growth is slow, but on the plus side, the dividend payout ratio is low and dividends could grow faster than earnings, if the company decides to increase its payout ratio. In summary, it's great to see that the company can raise the dividend and keep it in a sustainable range. The dividend has been at reasonable levels historically, but that hasn't translated into a consistent payment. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For instance, we've picked out 1 warning sign for SATS that investors should take into consideration. Is SATS not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
SATS (SGX:S58) Is Paying Out A Larger Dividend Than Last Year
SATS Ltd. (SGX:S58) will increase its dividend from last year's comparable payment on the 15th of August to SGD0.035. Despite this raise, the dividend yield of 2.3% is only a modest boost to shareholder returns. We've discovered 1 warning sign about SATS. View them for free. It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. However, SATS' earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to rise by 40.9% over the next year. If the dividend continues on this path, the payout ratio could be 19% by next year, which we think can be pretty sustainable going forward. See our latest analysis for SATS The company has a long dividend track record, but it doesn't look great with cuts in the past. The annual payment during the last 10 years was SGD0.13 in 2015, and the most recent fiscal year payment was SGD0.07. The dividend has shrunk at around 6.0% a year during that period. A company that decreases its dividend over time generally isn't what we are looking for. With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS is growing. Although it's important to note that SATS' earnings per share has basically not grown from where it was five years ago, which could erode the purchasing power of the dividend over time. Earnings growth is slow, but on the plus side, the dividend payout ratio is low and dividends could grow faster than earnings, if the company decides to increase its payout ratio. In summary, it's great to see that the company can raise the dividend and keep it in a sustainable range. The dividend has been at reasonable levels historically, but that hasn't translated into a consistent payment. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For instance, we've picked out 1 warning sign for SATS that investors should take into consideration. Is SATS not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
