Last $27.70 HKD
Change Today -0.55 / -1.95%
Volume 108.9K
1135 On Other Exchanges
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As of 4:01 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

asia satellite telecom hldgs (1135) Snapshot

Open
$28.25
Previous Close
$28.25
Day High
$28.40
Day Low
$27.65
52 Week High
02/6/14 - $33.29
52 Week Low
07/23/13 - $26.25
Market Cap
10.8B
Average Volume 10 Days
27.9K
EPS TTM
$1.92
Shares Outstanding
391.2M
EX-Date
06/24/14
P/E TM
14.4x
Dividend
$0.92
Dividend Yield
8.74%
Current Stock Chart for ASIA SATELLITE TELECOM HLDGS (1135)

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asia satellite telecom hldgs (1135) Details

Asia Satellite Telecommunications Holdings Limited, an investment holding company, is engaged in the operation, maintenance, and provision of satellite telecommunication systems for broadcasting and telecommunication applications in Hong Kong and internationally. The company offers a range of telecommunication services, such as voice networks, private VSAT networks, and broadband multimedia services to telecommunications operators and end users. It also provides satellite capacity leasing services that support broadcast, occasional service, telecommunications, and broadband service applications; and satellite transmission services comprising space segment, fiber links, signal downlink and turnaround, uplink, conditional access, and playout services in C or Ku-band, as well as back up services. Asia Satellite Telecommunications Holdings Limited owns and operates four in-orbit satellites, which include AsiaSat 3S, AsiaSat 4, AsiaSat 5, and AsiaSat 7. The company was founded in 1988 and is headquartered in Wanchai, Hong Kong, and is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. Asia Satellite Telecommunications Holdings Limited is a subsidiary of Bowenvale Limited.

134 Employees
Last Reported Date: 04/28/14
Founded in 1988

asia satellite telecom hldgs (1135) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $8.5M
Compensation as of Fiscal Year 2013.

asia satellite telecom hldgs (1135) Key Developments

Asia Satellite Telecommunications Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2014 and Second Half of 2014; Updates on Launching of AsiaSat 6 and AsiaSat 8

Asia Satellite Telecommunications Holdings Limited provided earnings guidance for the six months ended June 30, 2014. The Board expects that the profit of the Group for the six months ended June 30, 2014 will be adversely affected by a number of factors as compared to the profit of the Group for the corresponding period in 2013. The anticipated decrease in profit is attributable in part to: (i) the drop in revenue (estimated at approximately HKD 34 million) due to the fee reduction resulting from the revised terms of transponder agreements with third party customers with effect from the third quarter of 2013, as announced by the Company on April 26, 2012; (ii) the incremental amount of approximately HKD 29 million from the full six months depreciation provision for AsiaSat 7; (iii) the interest expense of approximately HKD 18 million on the loan obtained by the Group from the Export-Import Bank of the United States of America, as announced by the Company on March 1, 2013, June 3, 2013 and December 10, 2013; and (iv) an exchange loss of approximately HKD 4 million on bank deposits held by the Group as a result of the depreciation of Renminbi, as compared to a corresponding exchange gain for the last interim period. In addition, the Group’s profit for the six months ended June 30, 2014 will be negatively affected to the extent of approximately HKD 41 million by a drop in revenue due to a reduction in usage of the group’s services by certain customers of the group. The Board currently estimates that, as a result of all the foregoing factors, the group’s profit for the six months ended June 30, 2014 will be approximately 30% lower than that for the corresponding period in 2013. The Board expected that the profit for the second half of 2014 will be similarly affected by the above factors, although it is too early to ascertain the amount involved. The Board also informed shareholders that the launches of AsiaSat 6 and AsiaSat 8, which were planned for the second quarter of 2014, as mentioned in the group’s 2013 Annual Report, have been delayed and are now expected to take place in the third quarter of 2014, following the successful launch conducted earlier this week by the launch company. This delay will have some impact on the group’s performance in 2014 given that these two satellites were originally expected to be launched and operational in the first half of 2014.

Asia Satellite Telecommunications Holdings Limited Approves Final Dividend and Special Dividend for the Year Ended 31 December 2013

Asia Satellite Telecommunications Holdings Limited approved final dividend of HKD 0.80 per share and a special dividend of HKD 1.50 per share for the year ended 31 December 2013, at the AGM held on 19 June 2014.

Asia Satellite Telecommunications Holdings Limited, Annual General Meeting, Jun 19, 2014

Asia Satellite Telecommunications Holdings Limited, Annual General Meeting, Jun 19, 2014., at 10:30 China Standard Time. Location: 12th Floor, Harbour Centre. Agenda: To receive and approve the audited consolidated financial statements and the reports of the directors and auditor of the Company for the year ended December 31, 2013; to declare a final dividend of HKD 0.80 per share and a special dividend of HKD 1.50 per share for the year ended December 31, 2013; to re-elect Directors and authorize the Board to fix their remuneration; to re-appoint PricewaterhouseCoopers as auditor of the company and authorize the board to fix their remuneration for the year ended December 31, 2014; and to consider the exercise by the directors during the relevant Period of all the powers of the Company to allot, issue, grant, distribute and otherwise deal with additional Shares and to make, issue or grant offers, agreements, options, warrants and other securities.

 

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1135

Industry Average

Valuation 1135 Industry Range
Price/Earnings 14.8x
Price/Sales 7.4x
Price/Book 1.5x
Price/Cash Flow 14.8x
TEV/Sales 6.4x
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