The Zhitong Finance App learned that China Tower (00788) is now up more than 4%. As of press release, it has risen 4.35% to HK$0.96, with a turnover of HK$282 million.
Zheshang Securities released a research report saying that China Tower is the world's largest telecommunications tower infrastructure supplier, and the “one, two wings” business layout is progressing steadily. The new round of commercial pricing agreements is transitioning smoothly, and depreciation of acquired assets will reach an inflection point in 2026. At that time, the company's profits are expected to be released at an accelerated pace. The bank pointed out that taking into account the steady growth of the company's revenue and flexible profit margins, as well as the market value management assessment of central enterprises, the company's dividend payout strength is expected to continue to be quite attractive.
Jefferies previously released a research report stating that it gave China Tower a “buy” rating. Its main shareholders are China's top three telecom companies, which means that the company may follow the initiative of the State Assets Administration Commission and focus on capital management to raise the valuation. The target price will rise from HK$1.04 to HK$1.09.