OverviewSuggest Edit

AsiaSat (Asia Satellite Telecommunications) is a commercial operator of communication spacecraft. It operates, maintains, and provides satellite telecommunication systems for broadcasting and telecommunication applications. The company offers satellite capacity leasing services across the satellite fleet for full-time, part-time, and occasional usage, as well as occasional use platforms for distributing sports and news events, and satellite transmission services. AsiaSat also provides a range of services comprising television broadcast and VSAT (very small aperture terminal) network services for governments and enterprises in oil and gas, mining, banking, aviation, mobile communications, and others.

TypePrivate
Founded1988
HQHong Kong, HK
Websiteasiasat.com

Latest Updates

Employees (est.) (Dec 2018)133(-3%)
Revenue (FY, 2018)$1.4 B(+7%)
Cybersecurity ratingAMore

Key People/Management at AsiaSat

Roger Tong

Roger Tong

Chief Executive Officer
Sue Yeung

Sue Yeung

Chief Financial Officer and Company Secretary
Fred Ho

Fred Ho

Vice President, Technical Operations
Saphina Ho

Saphina Ho

General Counsel
Ina Lui

Ina Lui

Senior Vice President, Commercial, Business Development and Strategy
Zhang Yan

Zhang Yan

Vice President, China
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AsiaSat Office Locations

AsiaSat has an office in Hong Kong
Hong Kong, HK (HQ)
15 Dai Kwai Street, Tai Po Industrial Estate
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AsiaSat Financials and Metrics

Summary Metrics

Founding Date

1988
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AsiaSat Revenue

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AsiaSat's revenue was reported to be $1.44 b in FY, 2018 which is a 6.5% increase from the previous period.
HKD

Revenue (H1, 2019)

693.3m

Gross profit (H1, 2019)

354.5m

Gross profit margin (H1, 2019), %

51.1%

Net income (H1, 2019)

223.4m

EBIT (H1, 2019)

308.3m

Cash (30-Jun-2019)

938.3m
Annual
HKDFY, 2016FY, 2017FY, 2018

Revenue

1.3b1.4b1.4b

Revenue growth, %

6%6%

Cost of goods sold

627.4m639.6m676.0m

Gross profit

645.0m714.3m765.5m
Half Year
HKDH1, 2017H1, 2018H1, 2019

Revenue

642.4m730.1m693.3m

Cost of goods sold

314.3m337.2m338.7m

Gross profit

328.1m393.0m354.5m

Gross profit Margin, %

51%54%51%
Annual
HKDFY, 2016FY, 2017FY, 2018

Cash

240.6m214.5m546.9m

Accounts Receivable

294.2m185.1m224.4m

Current Assets

567.4m431.5m804.1m

PP&E

6.8b6.9b6.4b
Half Year
HKDH1, 2017H1, 2018H1, 2019

Cash

497.5m484.0m938.3m

Accounts Receivable

212.9m187.0m205.5m

Current Assets

730.9m693.4m1.2b

PP&E

6.7b6.6b6.1b
Annual
HKDFY, 2016FY, 2017FY, 2018

Net Income

457.0m546.8m557.9m

Depreciation and Amortization

521.8m525.8m578.4m

Cash From Operating Activities

990.5m1.1b972.7m

Purchases of PP&E

(405.8m)(544.1m)(74.6m)
Half Year
HKDH1, 2017H1, 2018

Cash From Operating Activities

571.9m509.3m

Purchases of PP&E

(138.6m)(66.3m)

Cash From Investing Activities

(137.3m)(65.0m)

Long-term Borrowings

(144.3m)(144.3m)
HKDFY, 2016

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x
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AsiaSat Operating Metrics

AsiaSat's Backlog was reported to be $3b in FY, 2018.
FY, 2016FY, 2017FY, 2018

Backlog

$4 $3.68 b$2.98 b

Backlog (China)

$394.70 m$373.60 m$399.40 m

Backlog (International)

$3.67 b$3.31 b$2.58 b

Utilization Rate

67%69%72%
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AsiaSat Acquisitions / Subsidiaries

Company NameDateDeal Size
AsiaSat BVI Limited
Asia Satellite Share Award Scheme Trust
Asia Satellite Telecommunications Company Limited
Asia Satellite Telecommunications Share Award Scheme 2017 Trust

AsiaSat Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

AsiaSat Revenue Breakdown

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AsiaSat revenue breakdown by business segment: 65.0% from Broadcasting and 35.0% from Telecom/Broadband Distribution

AsiaSat Online and Social Media Presence

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AsiaSat News and Updates

Ka Band SATCOM on the Move Market Players Analysis: SES, Intelsat, Eutelsat, China Satcom, Thaicom, AsiaSat, APSTAR, Synertone

Latest Research: 2019 Global Ka Band SATCOM on the Move Market Report Posted via Industry Today. Follow us on Twitter @IndustryToday

AsiaSat plays waiting game on next-gen high-throughput satellite

“I’m glad that we didn’t jump into AsiaSat-10 two years ago, otherwise I would have a satellite that is not very economical,” Tong said Sept. 9 at the World Satellite Business Week conference here.  SpaceNews.com

AsiaSat shareholders accept privatization offer

Shareholders of Hong Kong satellite operator AsiaSat voted overwhelmingly in favor of privatization, setting the company on a course to delist from the Hong Kong stock exchange on Sept. 5. SpaceNews.com

AsiaSat revenue up, but regional C-band pressure mounting

Hong Kong-based fleet operator AsiaSat reported a third year of increased revenue, but warned that the C-band spectrum it uses for television broadcasts is now under threat in several of its markets. SpaceNews.com

Fixed Satellite Service 2018 Global Market Key Players - AsiaSat, SKY Perfect JSAT, China Satellite Communications, Thaicom, Arabsat, Intelsat, SES, Russia Satellite Communication, Star One....

Fixed Satellite Service – Global Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Satellite Communication Services Market 2018 | Major Kay Players – Intelsat, SES, Eutelsat, Telesat, China Satcom, SKY Perfect JSAT Group, AsiaSat

WiseGuyRerports.com Presents “Global Satellite Communication Services Market Size, Status and Forecast 2018-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

AsiaSat Blogs

AsiaSat Frequently Asked Questions

  • When was AsiaSat founded?

    AsiaSat was founded in 1988.

  • Who are AsiaSat key executives?

    AsiaSat's key executives are Roger Tong, Sue Yeung and Fred Ho.

  • How many employees does AsiaSat have?

    AsiaSat has 133 employees.

  • What is AsiaSat revenue?

    Latest AsiaSat annual revenue is $1.4 b.

  • What is AsiaSat revenue per employee?

    Latest AsiaSat revenue per employee is $10.8 m.

  • Who are AsiaSat competitors?

    Competitors of AsiaSat include RBC Signals, Astranis and Analytical Space.

  • Where is AsiaSat headquarters?

    AsiaSat headquarters is located at 15 Dai Kwai Street, Tai Po Industrial Estate, Hong Kong.

  • Where are AsiaSat offices?

    AsiaSat has an office in Hong Kong.

  • How many offices does AsiaSat have?

    AsiaSat has 1 office.