<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>

新翔集團

<p>Sats，一家貨物處理公司，宣佈其在中東的運營在持續的伊朗戰爭中沒有遭遇任何重大中斷。該公司在沙特阿拉伯和阿曼運營，繼續遵循安全協議。儘管地區空域關閉影響了航空公司，Sats 在其沙特站點的貨物運輸量仍增長了 12%。該公司已做好應對供應鏈中斷的準備，並與航空公司客户保持密切聯繫，以根據需要調整運營。Phillip Securities 將 Sats 評級上調至 “買入”，並指出衝突預計不會對其產生重大影響</p>

新翔集團表示，儘管伊朗戰爭，其中東貨運業務並未出現 “實質性中斷”