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APT Satellite Holdings (1045) AI Stock Analysis
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APT Satellite Holdings
(HKEX:1045)
The score is driven primarily by solid fundamentals with low leverage and strong cash conversion, which reduce financial risk. However, persistent revenue decline, softer margins, and weaker 2025 free cash flow weigh on the outlook, while technicals remain neutral-to-weak given the stock sits below key longer-term moving averages. A ~4% dividend yield and mid-teens P/E provide partial valuation support.
APT Satellite Holdings (1045) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 213.57M
- Dividend Yield
- 4.37%
- Average Volume (3M)
- 1.52M
- Price to Earnings (P/E)
- 12.7
- Beta (1Y)
- 0.72
- Revenue Growth
- -7.25%
- EPS Growth
- -26.17%
- Country
- Hong Kong
- Employees
- 127
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Telecommunications Services
APT Satellite Holdings Business Overview & Revenue Model
Company Description
As an investment holding company, APT Satellite Holdings Limited specializes in operating and delivering satellite communication services. Its primary activities encompass managing and supplying satellite transponder capacity, related support, and a...
How the Company Makes Money
APT Satellite Holdings (1045) primarily makes money by monetizing satellite capacity and delivering satellite communication services to customers that need reliable coverage across large geographies where terrestrial networks are limited or where red...
APT Satellite Holdings Financial Statement Overview
Summary
Financial risk is low and the balance sheet is a clear strength (very low leverage and strong equity base), supported by solid cash conversion (operating cash flow consistently above net income). Offsetting this, fundamentals have weakened: multi-year revenue declines continued in 2025 and margins softened, contributing to lower ROE and a notable 2025 free cash flow decline.
Income Statement
58NeutralBalance Sheet
86Very PositiveCash Flow
72Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 716.50M | 739.09M | 784.65M | 833.98M | 944.30M | 927.81M |
| Gross Profit | 194.42M | 201.86M | 284.13M | 355.56M | 455.05M | 446.40M |
| EBITDA | 491.77M | 498.05M | 604.17M | 697.95M | 770.61M | 745.92M |
| Net Income | 133.62M | 141.78M | 205.22M | 237.65M | 231.61M | 263.38M |
Balance Sheet | ||||||
| Total Assets | 7.02B | 6.94B | 6.97B | 7.09B | 7.13B | 7.30B |
| Cash, Cash Equivalents and Short-Term Investments | 2.79B | 2.73B | 2.45B | 2.15B | 1.75B | 1.37B |
| Total Debt | 120.91M | 82.64M | 111.32M | 146.94M | 166.79M | 182.91M |
| Total Liabilities | 817.48M | 779.34M | 877.44M | 1.00B | 1.06B | 1.16B |
| Stockholders Equity | 6.20B | 6.16B | 6.09B | 6.08B | 6.07B | 6.13B |
Cash Flow | ||||||
| Free Cash Flow | 368.97M | 392.31M | 416.35M | 549.73M | 658.64M | 598.80M |
| Operating Cash Flow | 411.90M | 439.33M | 455.91M | 566.91M | 661.57M | 626.94M |
| Investing Cash Flow | -493.40M | -391.37M | 40.59M | -628.12M | -585.52M | -321.52M |
| Financing Cash Flow | -94.31M | -111.14M | -210.85M | -232.25M | -272.03M | -243.32M |
APT Satellite Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1045, the sentiment is Negative. The current price of 1.83 is below the 20-day moving average (MA) of 1.90, below the 50-day MA of 1.99, and below the 200-day MA of 2.86, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 34.69 is Neutral, neither overbought nor oversold. The STOCH value of 29.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1045.
APT Satellite Holdings Peers Comparison
Overall Rating
HK:682378Outperform
HK:188372Outperform
HK:055269Neutral- HK:104564Neutral
HK:072861Neutral
HK:000848Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:6823 | 78Outperform | HKD 92.13B | 17.36 | 14.86% | 6.81% | 7.09% | 4.21% |
| HK:1883 | 72Outperform | HKD 8.75B | 9.46 | 8.37% | 7.61% | 0.18% | 0.65% |
| HK:0552 | 69Neutral | HKD 25.56B | 3.52 | 7.10% | 6.96% | 0.21% | -0.68% |
| HK:1045 | 64Neutral | HKD 1.70B | 12.72 | 2.16% | 4.37% | -7.25% | -26.17% |
| HK:0728 | 61Neutral | HKD 703.95B | 22.69 | 6.14% | 6.43% | 1.18% | -12.12% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| HK:0008 | 48Neutral | HKD 38.79B | -459.63 | -40.50% | 7.63% | 7.10% | 70.22% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1045 | APT Satellite Holdings | 1.83 | -0.22 | -10.78% | |
| HK:1883 | CITIC Telecom International Holdings | 2.37 | 0.02 | 0.94% | |
| HK:0728 | China Telecom Corp Class H | 4.50 | -0.72 | -13.78% | |
| HK:0552 | China Communications Services Corp Class H | 3.69 | -0.73 | -16.44% | |
| HK:6823 | HKT Trust and HKT | 12.15 | 1.42 | 13.19% | |
| HK:0008 | PCCW Limited | 5.01 | -0.15 | -2.93% |
APT Satellite Holdings Corporate Events
APT Satellite Calls Shareholder Vote on Long-Term Service Deal with CSCC
APT Satellite Holdings has called a special general meeting for 20 November 2026 in Hong Kong to seek shareholder approval for a satellite communication and related services master agreement signed with China Satellite Communications Company Limited....
APT Satellite Further Delays Circular on Connected Transactions
APT Satellite Holdings has announced a further delay to the dispatch of a shareholder circular covering continuing connected transactions under a CCT Agreement, including details of non-exempt transactions, proposed caps and independent advice. The c...
APT Satellite delays shareholder circular on connected transactions
APT Satellite Holdings has announced a delay in sending a shareholder circular related to its continuing connected transactions under a previously disclosed CCT Agreement. The circular, which will include details of the transactions, proposed caps, i...
APT Satellite Signs New Three-Year Connected Transactions Agreement With CSCC
APT Satellite Holdings has entered into a new Continuing Connected Transactions Agreement with China Satellite Communications Co., Ltd. (CSCC) to replace its existing Satellite Transmission and Communication Services Master Agreement, which expires i...
APT Satellite reshapes board with new independent director after retirement
APT Satellite Holdings has announced changes to its board, with independent non-executive director Dr. Lam Sek Kong stepping down from the board and its key committees effective 21 August 2026 due to retirement, with the company noting there is no di...
APT Satellite Reshapes Board and Committees to Strengthen Governance
APT Satellite Holdings Limited has updated the composition of its board of directors with effect from 21 August 2026, detailing the roles of executive, non-executive and independent non-executive members, including the appointment of Mr. Sun Jing as...
APT Satellite Posts Lower Interim Profit and Trims Dividend as Transponder Revenue Declines
APT Satellite Holdings reported unaudited interim revenue of HK$357.1 million for the six months to 30 June 2026, down 5.95% year-on-year, mainly due to lower income from satellite transponder capacity, with profit attributable to equity shareholders...
APT Satellite Declares Interim Dividend for First Half of 2026
APT Satellite Holdings has declared an interim ordinary cash dividend of HKD 0.02 per share for the six months ended 30 June 2026, payable in Hong Kong dollars to shareholders on 14 October 2026. The ex-dividend date is set for 21 September 2026, wit...
APT Satellite Sets August Board Meeting to Approve Interim Results and Consider Dividend
APT Satellite Holdings has scheduled a board meeting for 20 August 2026 to review and approve the interim results for the six months ended 30 June 2026, covering the performance of the company and its subsidiaries. The board will also consider whethe...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 16, 2026