โ๏ธ ๐ Top mover alert: SATs trending call up 31% as shares spike 4%
๐ SATS shares have climbed another 4% to $3.24 as of 1008AM today, to take its total gains since 12 Aug to 7%. On the back of this move, Macquarie's trending SATS call SATS MB eCW241030 (Q80W) (https://warrants.com.sg/tools/livematrix/Q80W) has moved 31% higher today to $0.017, to take its total gains since 12 August to 60%
๐ Driving the positive sentiment in SATS is the completion of their April 2023 acquisition of Worldwide Flight Services (WFS) which is estimated to contribute $4.1 million to SATS' profit in this financial year (Yahoo Finance). The completion of this deal may have potentially removed a share price overhang on SATS shares.
๐๏ธIn another update from July, SATS announced the signing of a three-year memorandum of understanding (MOU) with Mitsui & Co to grow their respective food and retail solutions businesses.
โก Investors keen to trade the near-term volatility in SATS shares may wish to consider the trending call warrant which is moving approximately 8.5 times more than the underlying shares, whilst only costing $0.017.
See how the warrants move alongside the underlying shares on their Live Matrix
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The official account of Macquarie Warrants Singapore
Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.
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