APT Satellite WKN 916474 - Massiv unterbewerte Chinesische Satelliten Dienstleister - 500 Beiträge pro Seite

[tosca1]

WKN 916474 - APT Satellite

Kurs HK= 7,2
Kurs D= 0,90- 0,93


Diese Aktie schon Anfang Januar entdeckt zu haben wäre zuviel verlangt gewesen (ausser für die Jungs von FGTA). Dann entdecken wir sie halt heute!!!
APT scheint im WO-Board noch nicht besprochen worden zu sein, zuminest gibt es unter diesem Stichwort keine entsprechenden Einträge, daher der neue Thread. APT halte ich seit heute als Ergänzung und sozusagen Substanzwert zu PCCW, COL, Timeless, Golden Power, First Ecom etc. (Alles lnagfristig, day-trading ist mir zu anstrengend). Wer Asiens Internet-Breitbandlandschaft für zukunftsträchtig hält wie ich sollte mal den folgenden nicht mehr taufrischen Report (17. Jan.2000) lesen. Prinzipiell gilt das dort gesagte aber noch heute. Die Aktie scheint massiv unterbewerte, betrachtet man die Peer Group und den Markt, sowie die Marktstimmung die momentan ja jeden, mit China und Internet in Verbindung zu bringenden Wert sonstwohin katapultieren kann. Auf eure Ansichten zu APT Satellite bin ich gespannt. Gruss Tosca1.

P.S. Noch ein Wort zur Quelle des Reports. Die HP ist ja angegeben. FGTA gibt einen leider teurer Newsletter heraus; diesen Report erhielt ich gratis als Interessent. Wie seriös sie arbeiten weiss ich nicht. Kann das jmd beurteilen? Lohnt sich ein Abo? Bei den zukünftigen Kursgewinnen mit APT kann ich mir dies ja dann leisten ;-)


Financial Gateway to Asia

Home Page: http://www.financialgatewaytoasia.com/

Demand for this satellite company`s services is exploding;
yet it sells for less than the cash from its latest deal!

Dear Investor,

There`s a great situation that we need to take advantage of
with APT Satellite Holdings Ltd (NYSE: ATS; Hong Kong:
1045). APT is a satellite communications service provider --
they have three satellites in orbit, with a coverage
"footprint" that covers 75% of the world`s population.

Just recently APT signed a huge deal with Loral Space and
Communications to lease substantially all of the transponder
capacity on one of their satellites -- called the Apstar IIR -
for the rest of its expected lifespan of 15 years. The
price-tag for this lease: $298 million to APT Satellite
from Loral. But the part we really like is that APT agreed
to discount the price of this lease by $25 million in
return for an up- front cash payment. So APT`s going to
receive a total of US$273 million from Loral by March 27th
of this year. They`ve already received $91 million, with
$182 million more due on March 27th.

Yet get this: APT`s current market cap is only US$256
million! That`s less than the payment from Loral! Huh?!

Situations this juicy don`t come up that often in high-tech
investing, so we`ve got to jump all over this one. Plus. . .

The fundamentals underlying satellite communications in Asia
are excellent

The demand for information and communications in Asia is
growing at a blistering pace. Too quickly, in fact, for the
region`s infrastructure to keep up. Sure, fiber optic
networks are spreading their reach. And cellular phone
towers are popping up everywhere.

Yet the current network build-outs can`t possibly keep up
with the demand for service from the huge number of Asians
who want to tap into the world`s communication networks for
the first time.

Asia are tough for telecommunications infrastructure.
Geographically it`s a huge area, and there`s very little in
the way of existing equipment to work with. There are also
thousands of communities that are inaccessible due to
natural geographical barriers.

In less-densely populated rural China and India there is a
potential market of hundreds of millions of people that have
absolutely no telecommunications service of any kind.

Satellites are a huge key to meeting demand for
communications services in Asia -- whether it is for voice,
data, television, or Internet access.

If Internet penetration in India and China reaches just
1/10th of that in the U.S., Asia`s online population would
explode by 1,000%

At present, less than 1% of Asia`s population has access to
the Internet. Tens of millions are waiting in line to have
their crack at the Web. Many will never have the chance if
they wait for some company to roll out a fiber optic
backbone.

India has about 1.5 million Internet users. At least 10
million more would access the Web right now -- if only they
could.

China`s online population tripled in 1999 -- to 7 million,
which is still just a tiny fraction of the potential market.
The growth potential is staggering. At the present rate of
growth, China will have 33 million Internet users by 2004 --
or 35% of Asia`s total.

These kinds of growth figures don`t go unappreciated in
investment circles, and we`ve already made a bundle
recommending some of the biggest companies that are
benefitting from these macro trends. Investor interest in
Asian tech has skyrocketed, leading to big share price gains
and big multiples on potential revenues and earnings.

But every once in awhile you can still find a super bargain
like APT Satellite.

APT Satellite is on the inside track to tap Asia`s booming
demand for satellite communications, and its stock is
ridiculously cheap

Hong Kong-based APT Satellite is in poll position to provide
high-speed satellite communications throughout Asia at
fraction of the cost of an extensive fiber-optic cable
network.

Its business is pretty simple really -- it contracts with
companies like Hughes Space & Communications or Loral to
construct a satellite, which it then launches into orbit.
>From there it can lease out high capacity transponder space
to top-notch clients like Walt Disney, HBO, Sony, ESPN and
Reuters. (A transponder is a satellite communications
channel that can receive and rebroadcast signals to any
given point within the satellite`s footprint).

Of course, the big growth area for transponder capacity is
providing Internet access. The company`s broadband business
model revolves around beaming Internet content to Asia`s
cable TV providers via satellite at speeds nearly 35 times
that of normal dial-up connections.

And much of what is called "Cable TV" in Asia is actually
broadcast by satellite: local cable providers normally
distribute their signals locally off a broadcast
transmission from satellites in orbit. India has thousands
of small cable operators with a customer base of 50 to 100
households each that get their TV signals in this way. The
same exact model will work for Internet access.

With the use of set-top boxes, ordinary television sets with
cable TV access can quickly be made Internet-capable. And
since Asia`s cable infrastructure is relatively new, it
already supports the 2-way transfer of information that is
needed for Internet service.

But of course somebody needs to have the satellites to beam
the content into the local cable loop.

APT does.

Its newest satellites (including two more planned for launch
in coming years) have the capacity to fill the booming
demand from companies like Pacific Century CyberWorks, and
any other .

In the short term, APT`s revenues are set to explode!

APT`s first two satellites, APSTAR-1 and APSTAR-1A, are
currently operating at just above 50% capacity. This is why
APT`s revenue and earnings have suffered throughout 1999.
But this is changing quickly.

This big deal with Loral for $273 million is just the start.
This big influx of cash means APT now has the funds to
secure the launch of two new satellites, APSTAR-IIIA and
APSTAR-IIIB, sometime in the next 2-3 years.

This should propel the company way past its nearest
competitor, Asia Satellite (NYSE: SAT), and fortify its
position as the leading Asian satellite service company.

Utilization rates on APT`s first 2 satellites are also set
to improve. The Office of Telecommunications Authority in
Hong Kong has just awarded APT a license to broaden its
satellite service by allowing the use of its 76 low-
frequency C-band transponders for receiving and transmitting
any television program over the APSTAR system footprint.

That means APT can now provide satellite television
uplinking and downlinking services to customers starting
January 1, 2000. This will improve the company`s revenue
base and increase the utilization of C-band transponders in
APSTAR-I and APSTAR-IA.

We spoke with an insider at APT`s Hong Kong office, and
learned that the company has already begun to see
transponder take-up improve so far this year.

APT is in a better position than its peers – but you can get
it right now for just half book value

This company is so rare. It`s got practically no debt and
mountains of cash on its balance sheet.

It`s one of the few high-tech companies you can find that`s
trading below book value. One thing`s for sure, if a
telecommunications giant like Singapore Telecom -- which has
been rumored to be on the acquisition trail -- were looking
for a satellite company in Asia to buy, APT would be at the
top of the list.

APT is a steal if we ever saw one. Its competitor, Asia
Satellite, is currently selling for more than 6 times its
book value.

APT sells for little more than half book value, factoring in
that big upcoming payment from Loral. It`s got the same
number of satellites as Asia Satellite and far less debt.

We think APT`s market capitalization could easily grow to a
billion dollars, giving you a 4-fold gain. And it would
still be undervalued at those levels.

APT Satellite trades on both US and Hong Kong exchanges
(NYSE: ATS; Hong Kong: 1045) with a recent price of HK$4.65,
and US$4 7/8 (One ADR represents 8 ordinary shares in Hong
Kong). The stock`s much more liquid in Hong Kong, so if you
have a way to get it over there -- you`ll definitely get a
fairer price.

One problem we`re going to encounter with APT`s ADR`s are
that they aren`t traded very heavily. The volume has been
fluctuating between 25,000 and 100,000 shares per day --
which doesn`t represent much money or liquidity. We`re
concerned that we have enough subscribers now that these
ADR`s could quickly ramp up under a glut of buy orders. To
avoid any such artificial price jump, you can always buy the
ordinary shares in Hong Kong, as many large brokers can now
get stock for you directly on the Hong Kong Stock Exchange
through their foreign trading desks.

Best wishes, James DiGeorgia and David Nichols

P.S

Throughout Asia, I`m finding one bargain after another.
Blue-chip Asian companies are selling for ridiculously low
multiples on earnings. God, pick up the best of these
bargains, and there`s no limit to the amount of wealth you
can accumulate. This is a once-in-a-lifetime chance to
make piles of money.

[zobbelszilla]

in D ziemlich duenner Umsatz, aehh, ich glaub sogar ... gar kein Umsatz.

Gruesse, Zz