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Hong Kong stocks fluctuation | CHINA TOWER (00788) rose nearly 3% intraday, the company expects that its telecom tower Business revenue will remain stable by 2025.
CHINA TOWER (00788) rose nearly 3% during the trading session. As of the time of writing, it increased by 2.75%, reporting at 1.12 Hong Kong dollars, with a trading volume of 77.8481 million Hong Kong dollars.
[Brokerage Focus] Goldman Sachs gives CHINA TOWER (00788) a "Neutral" rating, with the company expecting single-digit revenue growth in 2025.
Jinwu Financial News | Goldman Sachs recently published a Research Report analyzing the situation of CHINA TOWER (00788) in terms of performance, capital expenditure, depreciation, and capital allocation. CHINA TOWER is expected to achieve stable revenue growth in the mid-single digits by 2025, with Net income growth maintaining in the low double digits. This is primarily due to cost control and reduced depreciation. As the construction of 5G base stations progresses, the company expects the telecom tower business revenue to remain stable by 2025, while the indoor site business is likely to achieve stronger growth due to the emphasis placed by telecom operators on indoor coverage. At the same time, capital expenditure is expected to stabilize around 30 billion yuan, compared to 20.
While Public Companies Own 21% of China Tower Corporation Limited (HKG:788), Private Companies Are Its Largest Shareholders With 53% Ownership
[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
