APT Satellite (01045) saw its shares rise more than 8% during the morning trading session. At the time of writing, the stock was up 8.07%, trading at HK$4.15, with a turnover of HK$42.27 million. The surge follows news that SpaceX plans to establish a facility directly on the lunar surface to assemble satellites equipped with high-performance AI processors. These satellites are intended to meet the networking demands of data centers in Earth's orbit and will be launched using a multi-kilometer electromagnetic catapult system on the Moon, taking advantage of the Moon's low gravity, lack of atmosphere, and abundant solar energy. Analysts at Guotai Junan Securities noted that domestic rocket technology is expected to accelerate its iteration, benefiting related industrial chains such as satellite manufacturing and rocket launches. Public information shows that APT Satellite is a controlled subsidiary of China Satellite Communications Co., Ltd. In a previous announcement, APT Satellite projected that its profit attributable to shareholders for 2025 would decline by approximately 31% year-on-year. The group plans to leverage the satellite and ground network resources of both itself and its associates to strengthen development in core markets and enhance localized business operations, aiming to improve service capabilities and maintain profitability. Additionally, the group has commenced preparatory work for the development of next-generation satellites to enhance the advancement and competitiveness of its future satellite resources.
Comments