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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.
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.
[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%.
China Tower Appoints New Deputy General Manager
China Tower (00788.HK): Xu Bo appointed as Deputy General Manager.
China Tower (00788.HK) announced on July 2nd that Xu Bo has been appointed as the company's Vice President. Mr. Xu's term as Vice President will be effective from July 2nd, 2024 until the end of the third term of the Board of Directors.
Hytera Communications Inks 32 Million Yuan Deal With China Tower; Shares Up 3%
Hytera Communications (SHE:002583) signed a 32.1 million yuan agreement with China Tower (HKG:0788) to supply a natural disaster emergency response system for a project, according to the company's fil
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