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The latest update is out from Starlight Culture Entertainment Group Limited ( (HK:1159) ).
Smart Digital Technology Group Limited has entered into two non‑binding intention agreements to deepen its move into satellite communications. The company signed a mobile phone direct‑to‑satellite cooperation intention agreement with Hong Kong‑based Sparklinka Limited, which is developing a cost‑effective direct‑to‑call satellite constellation targeting global 4G/5G coverage focused on Hong Kong, the Middle East and emerging Belt and Road markets.
The group also signed a satellite factory leasing and strategic cooperation intention agreement with Beijing‑based COMMSAT, a commercial satellite producer with capacity for 100 satellites a year and experience in China’s Satellite Internet initiative. While the agreements are currently non‑binding apart from confidentiality and governing law, they signal Smart Digital Technology’s intention to tap into low‑orbit satellite communications, potentially enhancing its technological capabilities and positioning it within the fast‑growing commercial space and satellite connectivity ecosystem.
The most recent analyst rating on (HK:1159) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Starlight Culture Entertainment Group Limited stock, see the HK:1159 Stock Forecast page.
More about Starlight Culture Entertainment Group Limited
Smart Digital Technology Group Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries in the digital technology sector. The group focuses on technology-driven services and solutions and is seeking to expand its presence in satellite communications and related infrastructure through strategic partnerships in Greater China and along Belt and Road markets.
Average Trading Volume: 94,611
Technical Sentiment Signal: Hold
Current Market Cap: HK$324.9M
See more insights into 1159 stock on TipRanks’ Stock Analysis page.