Asia Sat beobachten


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5570 Postings, 6418 Tage skunk.worksAsia Sat beobachten

 
  
    #1
08.10.07 07:14
1135 ASIA SATELLITE 17.52 +2.04 +13.18% 1,929 104

he Group is engaged in the provision of satellite communication channel capacity and satellite services to broadcasting and telecommunications markets.

Business Review - For the year ended December 31 2006

New Satellite

The Company is progressing on schedule with the construction of our new satellite AsiaSat 5 which is to replace AsiaSat 2 at the orbital location of 100.5 degrees East. However we have been advised of a delay in the launch vehicle availability.

If there were no changes to be made to the current launch programme other than the date the construction would continue on time and the launch would be moved from the second half of 2008 into 2009. This would present no operational or customer issues as AsiaSat 2 is not planned to be retired until 2010. However this delayed schedule would not provide sufficient time before the anticipated retirement of AsiaSat 2 to rebuild and re-launch a new satellite in the event of an unsuccessful first launch. AsiaSat management is currently considering a number of options to ensure continuity to service in the event of a launch failure.

In-Orbit Satellites

Throughout 2006 the Group¡¦s three in-orbit satellites AsiaSat 2 AsiaSat 3S and AsiaSat 4 continued to perform well delivering excellent service to our customers. At year end as reported above we had increased the number of transponders leased and sold including the 4 Broadcast Satellite Service (¡§BSS¡¨) transponders leased to Skywave TV for its Direct to Home (¡§DTH¡¨) services by 6%. This reflects customers¡¦ appreciation of the service levels provided by AsiaSat through our own earth station in Tai Po Hong Kong combined with back up from our leased Stanley station.

SpeedCast

SpeedCast Holdings Limited (¡§SpeedCast¡¨) an associate in which the Company holds 47% again improved its overall performance. The company¡¦s core business is the provision of twoway and backbone broadband access. I am pleased to report that during the year SpeedCast increased its turnover by 35% to HK$112 million (2005: HK$83 million) and moved from making a small contribution in 2005 to a profit of HK$5 million in 2006. Although SpeedCast operates at a low margin the company contributed revenue of HK$46 million (2005: HK$32 million) to AsiaSat in 2006. At 31 December 2006 SpeedCast had cash on hand of HK$8 million (2005: HK$5 million). The Group¡¦s carrying investment in the company including goodwill was below HK$ 0.5 million.

Skywave

Skywave TV Company Limited (¡§Skywave¡¨) an 80%-owned subsidiary of AsiaSat established a low cost regional DTH service for Hong Kong Macau Taiwan and Southern China at the beginning of 2005. Currently the company offers 37 programmes branded under Family Favourites Premium Movies and Premium Sports. As the company operates in a highly restrictive and regulated environment its business remained static and is expected to do so until the market opens up for free competition. For the year 2006 Skywave incurred a loss of HK$4 million (2005: HK$4 million) of which the Group¡¦s share was about HK$3 million.

Beijing Asia

Our joint venture in Mainland China Beijing Asia Sky Telecommunications Technology Company Limited (¡§Beijing Asia¡¨) in which AsiaSat holds a 49% interest provides VSAT (very small aperture terminal) services in China. The company achieved high growth as turnover reached HK$9 million (2005: HK$3 million) an increase of 200%. The company¡¦s loss increased to HK$17 million (2005: HK$8 million). At the end of the year AsiaSat¡¦s investment in Beijing Asia amounted to HK$10 million (2005: HK$14 million).

The Group is committed to provide transponder capacity to Beijing Asia in the form of a loan of up to HK$12 million over a few years of which 88% has been utilised. The Group¡¦s maximum exposure to Beijing Asia is approximately HK$25 million  
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5570 Postings, 6418 Tage skunk.worksAsia Sat Info

 
  
    #2
09.10.07 06:43
1135 ASIA SATELLITE 17.48 -1.18 -6.32% 18 1  
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