Korea Astronomy and Space Science Institute (KASI) has developed a mobile satellite laser ranging (SLR) system called ARGO-M since 2008 for space geodesy research and precise orbit determination technologies using SLR with mm level accuracy. ARGO-M is capable of night tracking and daylight tracking for which requires spatial, spectral and time filters due to high background noises. In this study, characteristics and specifications of ARGO-M are discussed and its tracking capabilities of night and daylight tracking are analyzed for STSAT-2B and KOMPSAT-5 through link budget. Additionally false alarm and signal detection probabilities are also analyzed depending on spectral and time filters for daylight tracking for these satellites.