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[Brokerage Focus] UBS Group gives CHINA TOWER (00788) a "Neutral" rating, stating that it occupies an important position in the telecommunications infrastructure sector.
Golden Wo Financial News | UBS Group released a Research Report indicating that CHINA TOWER (00788), as a state-owned enterprise, has occupied an important position in the communication infrastructure field since its establishment in 2014. Its main Business includes the construction, leasing, and maintenance of telecommunications towers and related infrastructure, with a market share as high as 96% by the end of 2018. In terms of past performance, revenues from 2021 to 2023 were 86.585 billion yuan, 92.17 billion yuan, and 94.009 billion yuan respectively, with expected revenues of 97.152 billion yuan in 2024, 101.594 billion yuan in 2025, and 105.1 billion yuan in 2026.
Large bank rating丨UBS Group: CHINA TOWER is given a "neutral" rating after a share consolidation and reduction of capital.
CHINA TOWER announced earlier that shareholders approved a proposal for share consolidation and capital reduction, expected to take effect from February 20. UBS Group released a report indicating that the potential share consolidation and adjustment of the number of shares per lot should create a more favorable Trade environment for Institutional investors. After the consolidation, volatility is expected to become less severe, and the amount per lot will be 2.5 times that of before, which may provide a more friendly Trade environment for Institutional investors. The bank has a "neutral" rating for the company, with a Target Price of 1.15 Hong Kong dollars. Additionally, the bank noted that CHINA TOWER must allocate 10% of its annual net profit to statutory reserves, and this requirement will continue until reserves...
China Tower Approves Key Share Consolidation and Capital Moves
China Tower Announces Director Resignation
China Tower Announces Board and Committee Roles
CHINA TOWER (00788.HK): Gao Tongqing resigns from the position of Non-Executive Director.
Gelonghui, December 23rd丨CHINA TOWER (00788.HK) announced that Gao Tongqing has resigned from the position of non-executive director, member of the Board of Directors' Global Strategy Committee, and member of the Nomination Committee due to age reasons, effective from December 23, 2024.
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