JP Morgan: Latest Ratings and Target Prices for the Telecommunication Sector (Table)-China Mobile (00941) is the top choice.

Morgan Stanley expects that the revenue of Chinese telecommunication sector in the second quarter will be weak, but their profits will remain stable, while the revenue and profits of ZTE (00763) and China Tower (00788) may remain stable.

Zhitong FinanceJul 17 02:14 ET

Investors Met With Slowing Returns on Capital At China Tower (HKG:788)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common approach is to try and find a company with returns on capital employed (ROCE) that

Simply Wall StJul 12 02:43 ET

The Shenzhen Stock Exchange IPO of Sairui Co., Ltd. was terminated. China Tower ranks first in the market in terms of comprehensive maintenance services for provincial and municipal quantities.

According to the Zhixin Finance APP, on July 11th, Sertong Communication Services Technology Co., Ltd. (referred to as Sertong shares) terminated their IPO on the Growth Enterprise Market of the Shenzhen Stock Exchange. Due to Sertong shares and their sponsor withdrawing their application for listing, according to Article 62 of the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (revised in 2024)", the Shenzhen Stock Exchange decided to terminate their listing review process. The prospectus shows that Sertong shares is a high-tech enterprise specializing in communication network technology services and intelligent operation and maintenance products, wireless network deep coverage products, and solutions. The company is committed to implementing a "service + product" dual-wheel drive strategy.

Zhitong FinanceJul 11 22:54 ET

Guo Jiayao, a special guest V, said that investors' willingness to enter the market is still low and they are waiting for news on mainland policies.

Golden Orb News | US stocks performed well last Friday, with the latest non-agricultural employment data in the United States lower than expected, and the expectation of interest rate cuts rising. All three major indices recorded gains at the close, with the S&P 500 index and the Nasdaq hitting a historic high again. The US dollar fell back, and the yield on the ten-year US Treasury bond slipped to 4.27 cents. Gold prices performed well, and oil prices rose and then fell. Hong Kong's pre-representative securities were generally soft, and the market is expected to open low. The mainland stock market fell last Friday, with the Shanghai Composite Index opening low and falling 0.3% at the close. The turnover of the Shanghai and Shenzhen stock markets further decreased. Hong Kong stocks fell, following the decline in the mainland stock market, and the index was constrained by the 18,000 point resistance.

金吾財訊Jul 7 20:14 ET

[Brokerage Focus] Goldman Sachs raised the target price of China Tower (00788) by 13.2% and expects its dividend yield to increase every year.

Goldman Sachs released a research report stating that China Tower (00788) is China's largest tower operator. Considering the decline in capital expenditure on 5G by China's telecommunications companies and the slowdown in China's 5G deployment, it is expected that China Tower's growth momentum will be even weaker. It is expected that the deployment of 5G base stations may slow down in 2024-2025. The bank pointed out that most investors are still focusing on the potential dividend in 2026, as the company's net profit is likely to increase in 2026 due to lower depreciation expenses. Overall, it is expected that net profit will increase by 49% to RMB 18.2 billion in 2026, and the dividend payout ratio will be 81%.

金吾財訊Jul 4 22:22 ET

China Tower Appoints New Deputy General Manager

TipRanksJul 2 05:43 ET