Becomes a Constituent stock in Hang Seng Composite Index
APT Satellite Holdings Limited (“APT Satellite”) (Stock Code: 1045) has announced its inclusion as a constituent stock in the Hang Seng Composite Index and the Hang Seng Global Composite Index by Hang Seng Indexes Company Limited, with effect from 4 September 2017 (Monday).
Mr. CHENG Guangren, Executive Director and President of APT Satellite, said, “In 2009 to 2016, APT Satellite has continuously achieved brilliant financial performance with CAGR at 11% in revenue. Especially for the year 2016, given the global satellite industry slowed down, APT Satellite still recorded high audited result in revenue and EBITDA, representing year-on-year increases of 3% and 13.50% respectively. The capital market responded to this scale of growth positively, APT Satellite’s market cap increased by more than three folds in the same period. We believe the inclusion of APT Satellite into the Hang Seng Composite Index and the Hang Seng Global Composite Index could further enhance our reputation and position in capital markets. APT Satellite is fully committed to becoming a leading satellite company in Asia Pacific while creating satisfactory returns to shareholders and investors.”
The Hang Seng Composite Index (“HSCI”) is a comprehensive benchmark for Hong Kong stock market that covers about 95% of the total market capitalization of companies listed on the Main Board of the Stock Exchange of Hong Kong. Adopting the freefloat-adjusted market capitalization methodology, the HSCI can be used as a basis for index funds and mutual funds as well as in performance benchmarks.