Asia Satellite Telecommunications 1135 AsiaSat has benefited from a gradual recovery of the regions economies and a cyclical upturn of new demand for satellite capacity. This trend was recently highlighted by the companys encouraging interim results but has yet to be fully reflected in its share price. With earnings revisions headed upwards and further new developments on the corporate front, AsiaSat looks set for orbit.
AsiaSat last week announced a better-than-expected 74% rise in interim net profit to HK$286 million $36.68 million for the six months to June 30. The result was approximately 18% above consensus estimates of HK$243 million and was largely driven by higher utilization...
