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[Brokerage Focus] Zheshang maintains Buy rating on CHINA TOWER (00788), pointing out its layout in the low-altitude economy has vast potential.
Jinwu Financial News | Zheshang Research Reports indicate that CHINA TOWER (00788) Board of Directors has proposed to consolidate the existing shares at a rate of 1 for every 10 shares and reduce the total share capital; the company's total issued share capital will decrease from 176.008 billion yuan to 17.601 billion yuan. The firm noted that policy and technical dividends are gradually being released, driving the robust development of the low-altitude economy, and future application scenarios will continue to expand. In the context of the low-altitude economy era's significant chapters, the company fully leverages its resource and capability advantages in 'position + perception + computation' and is actively laying out in the fields of infrastructure and service solutions, encompassing both Hardware and software.
Investors in China Tower (HKG:788) Have Unfortunately Lost 24% Over the Last Five Years
[Brokerage Focus] Goldman Sachs raises the target price of China Tower (00788) by 0.9%, expecting stable revenue growth of around 4% next year.
Goldman Sachs issued a research report stating that China Tower (00788) announced on November 21st a plan to implement a stock consolidation (combining 10 shares into 1) and capital reduction. This proposal is pending approval at a special shareholder meeting and therefore is not reflected in our estimates. The bank points out that the proposed capital reduction is beneficial for its long-term dividend payment prospects. According to current regulations, China Tower needs to retain 10% of its net income as statutory reserves until the reserve balance reaches 50% of the registered capital. This means that before meeting the reserve requirements, 90% of its net income can be distributed as dividends. With the capital res
China Tower rose 3% in early trading and plans to conduct a "10-for-1" share consolidation and reduce its capital.
China Tower issued an announcement, the board of directors proposed to combine every 10 existing shares with a par value of 1.00 yuan per share into 1 share with a par value of 1.00 yuan per share, as well as a reduction of shares.
China Tower Plans Share Consolidation and Capital Reduction
China Tower (00788) plans to perform a "10-for-1" share consolidation, reduce share capital and change the trading unit per lot.
China Tower (00788) issued an announcement, and the board of directors suggested a distribution of existing... for every 10 shares at a par value of RMB 1.00 per share.
