<div><p>[SINGAPORE] Cargo handler  Sats  said on Friday (Mar 6) that its Middle East operations have “not experienced any material interruption” amid the ongoing Iran war.</p><p>The company, which provides air cargo handling services and operates facilities in Saudi Arabia and Oman, said in a statement that operations at its Middle East stations have continued under “appropriate safety and security protocols”.  </p><p>It added that it “has not experienced any material interruption to (its) Middle East operations” since Feb 28, when Israel and the US launched air strikes on Iran, plunging the Middle East into renewed conflict. Several countries in the region have closed their airspaces, leading airlines to cancel or divert flights.</p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>The company noted that while cargo volume handled by its Saudi Arabia stations increased by 12 per cent from 2024 to 2025, this only accounts for a “small part” of its global tonnage. </p><p>Sats said that it is equipped to navigate the supply chain disruptions and shifting trade flows that have arisen as a result of airspace closures in some Gulf States. </p><p>“While flight disruptions may temporarily delay some shipments, air cargo typically moves through alternative routes as supply chains adjust. Sats’ global presence positions our network to mitigate or manage supply chain disruptions, and to serve changing trade flows,” the group said. </p><div><div><div><div id="dfp-ad-midarticlespecial"></div></div></div><div><div><div><div></div><div></div></div><span class="border-l border-verticals-btblue pl-2">DECODING ASIA</span></div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p><div></div></div></div><p>Sats said that its facilities in Saudi Arabia and Oman give it a presence in countries where the airspace remains open and can serve as alternate gateways to Gulf Cooperation Council (GCC) countries impacted by airspace closures. </p><p>It added that it is prepared to support the movement of emergency supplies from air hubs in Saudi Arabia and Oman to GCC.</p><p>“As the situation in the Middle East adjusts to a new dynamic, we will leverage Sats’ global network to minimise disruptions to customers. Sats will work closely with airline and logistics partners to facilitate the safe handling, storage and onward movement of cargo as routes and schedules evolve,” the group said.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><div></div></div><div><h3>Phillip Securities upgrades Sats to ‘buy’; sees no material impact from Iran war</h3></div></div></div><div><div><div><div></div></div><div><h3>Sats Q3 profit rises 20.4% to S$84.7 million on record cargo volumes</h3></div></div></div></div></div></div><div><div><div id="dfp-ad-imu2"></div></div></div></div><p>Sats said it is in “close contact” with its airline customers, and will continue to adjust operations “in line with how trade lanes evolve”. </p><p>The company is closely monitoring the conflict. It said that its staff in the Middle East – including Singaporeans deployed there – are safe, and that “morale remains high”. </p><p>Earlier this week, Phillip Securities upgraded its call for Sats to “buy” and lifted its target price by 15.6 per cent to S$4.44, saying it did not expect the war to have a material impact on the group’s operations due to its global network of customer relationships. </p><p>The brokerage has raised its FY2026 profit after tax and minority interests forecast for Sats by 13 per cent. </p><p>Similarly, CGS International (CGSI) on Tuesday noted that Sats is positioned for long-term growth despite short-term concerns from the Iran war. It reiterated its “add” call on Sats, with its S$4.53 target price unchanged. </p><p>Sats shares were trading at S$3.66, down by 0.3 per cent or S$0.01 as at 3.32 pm on Friday. </p><div><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span class="inline border-none p-0 font-lucida text-inherit text-xl font-medium italic leading-normal !-tracking-5% text-verticals-btblue !underline outline-none">Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

新翔集团

<p>Sats，一家货物处理公司，宣布其在中东的运营在持续的伊朗战争中没有遭遇任何重大中断。该公司在沙特阿拉伯和阿曼运营，继续遵循安全协议。尽管地区空域关闭影响了航空公司，Sats 在其沙特站点的货物运输量仍增长了 12%。该公司已做好应对供应链中断的准备，并与航空公司客户保持密切联系，以根据需要调整运营。Phillip Securities 将 Sats 评级上调至 “买入”，并指出冲突预计不会对其产生重大影响</p>

新翔集团表示，尽管伊朗战争，其中东货运业务并未出现 “实质性中断”