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APT Satellite Holdings ( (HK:1045) ) has issued an update.
APT Satellite Holdings Limited has issued a profit warning, anticipating a more than 20% drop in profit for the first half of the financial year ending June 30, 2025, compared to the same period last year. This decline is attributed to an oversupply of satellite transponders in the Asia Pacific region, fierce market competition leading to price declines, and rising sublease costs. Despite these challenges, the company remains financially stable and is planning to develop next-generation satellites to improve its competitiveness and service offerings.
More about APT Satellite Holdings
APT Satellite Holdings Limited operates in the satellite communications industry, providing satellite transponder leasing and related services primarily in the Asia Pacific region. The company focuses on leveraging its satellite and ground network resources to enhance service capabilities and maintain profitability.
Average Trading Volume: 603,321
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.94B
For an in-depth examination of 1045 stock, go to TipRanks’ Overview page.