All systems go for Asia Satellite

Asia Satellite Telecommunications [1135] (AsiaSat) has benefited from a gradual recovery of the region’s economies and a cyclical upturn of new demand for satellite capacity. This trend was recently highlighted by the company’s encouraging interim results but has yet to be fully reflected in its share price. With earnings revisions headed upwards and further new developments on the corporate front, AsiaSat looks set for orbit.AsiaSat last week announced a better-than-expected 74% rise…