HKATG May See Threefold Growth in Revenue
- 64
PR Newswire
HONG KONG, Jan. 28, 2022
HONG KONG, Jan. 28, 2022 /PRNewswire/ -- Since Hong Kong Aerospace Technology Group, Ltd. (1725) (HKATG) has purchased the entire set of integrated supporting ground facilities and related services from CGWI last October, the Group is equipped with the capability of manufacturing a satellite from scratch.
The Group announced on 24 January 2022 that SZ Gang Hang Ke entered into the second Confirmation with CGWIC to set out the specific terms for the launch of the two satellites named ''Golden Bauhinia Satellite No. 3'' and ''Golden Bauhinia Satellite No. 4''. The two satellites are scheduled to be launched in Q3 2022, with the target launch time tentatively being scheduled in July 2022, and will continue to form and constitute part of the "Golden Bauhinia Constellation".
Plans to launch 25 satellites in 2022
According to the Board of HKATG, in order to further announce that for the formation of the ''Golden Bauhinia Constellation'', the Group has planned to launch 25 satellites, including the two satellites named ''Golden Bauhinia Satellite No. 3'' and ''Golden Bauhinia Satellite No. 4'' in 2022. The further launch of satellites this year will provide more and will boost the speed of receiving aerospace data. This will enhance the Group's quantity and quality for satellite data reception and application services for the ''Golden Bauhinia Constellation'' project, which will facilitate the development of various industrial and commercial activities related to remote sensing data processing, software development, and other professional value-added services in Hong Kong and promoting the development of the aerospace industry in the Guangdong-Hong Kong-Macau Greater Bay Area. With the one-stop service capability and the increasing number of service contracts, HKATG is expected to see twofold or even threefold growth in revenue in the short run, which is a positive catalyst for its stock price.
50-day moving average Offers Strong Support
Despite stock markets across the world have plunged into the red in recent days, according to the transaction record data from 24 to 27 January (after the announcement of the second Confirmation was made), an average of 70% of transactions of HKATG were Active Buy, and its current price provides a good opportunity of "Buy the Dip".
SOURCE Hong Kong Aerospace Technology Group
PR Newswire's news distribution, targeting, monitoring and marketing solutions help you connect and engage with target audiences across the globe.
- RomReal 2023 Annual report including accounts and Audit statement
- Vision Sensing Acquisition Corp. Receives Positive Ruling from Nasdaq Hearings Panel
- ROSEN, NATIONAL TRIAL COUNSEL, Encourages Thoughtworks Holding, Inc. Investors to Inquire About Securities Class Action Investigation - TWKS
- Landsbankinn hf.: Results of the 2024 AGM of Landsbankinn
- ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Checkpoint Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CKPT
- DKS DEADLINE NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Dick's Sporting Goods, Inc. Investors to Secure Counsel Before Important April 22 Deadline in Securities Class Action - DKS