No Data
No Data
China Tower announced that Chen Li was appointed as the company's general manager
China Tower (00788) announced that Mr. Chen Li was appointed as the company's general manager. Mr. Chen's term as general manager of the company will take effect from April 23, 2024 until the end of the term of the third board of directors of the company. The board of directors recommended the appointment of Mr. Chen as the company's executive director, subject to approval by the company's shareholders. Its term of office takes effect from the date of approval by shareholders at the upcoming annual general meeting of shareholders of the company and ends on the date of the end of the term of the third board of directors of the company.
China Tower (00788.HK) appoints Chen Li as the company's general manager
Gelonghui, April 23 | China Tower (00788.HK) announced that Mr. Chen Li was appointed as the company's general manager. Mr. Chen's term as general manager of the company will take effect from April 23, 2024 until the end of the term of the third board of directors of the company. The board of directors further announced that the board of directors recommended the appointment of Mr. Chen as the company's executive director, subject to approval by the company's shareholders. Its term of office takes effect from the date of approval by shareholders at the upcoming annual general meeting of shareholders of the company and ends on the date the term of the third board of directors of the company ends.
[Broker Focus] Zheshang Securities maintains China Tower (00788) “buy” rating, indicating that its performance growth rate is expected to gradually recover
Jinwu Financial News | According to the Zheshang Securities Research Report, the overall performance of China Tower (00788) grew steadily, achieving revenue of 94.09 billion yuan in 2023, an increase of 2.0% year on year, and net interest rate increased 0.87 pp to 10.4% year on year. In the first quarter of 2024, the company achieved revenue of 23.974 billion yuan, an increase of 3.3% year on year, and net profit to mother of 2,784 billion yuan, an increase of 11.1% year on year. With the gradual implementation of the new commercial pricing agreement, the company's performance growth rate is expected to gradually recover. The bank expects the company's revenue in 2024-2026 to be 985, 1029,
[Broker Focus] HSBC Research slightly raised China Tower (00788) target price by 2.7%, indicating stable EBITDA performance in the first quarter
Jinwu Financial News | According to the HSBC Global Research and Development Report, China Tower (00788)'s EBITDA for the first quarter of 2024 increased 3% year-on-year, and its performance was stable. However, revenue from the tower business increased by only 0.6% year over year. HSBC believes this is because telecom companies are shifting more capital expenditure to growth businesses. According to the bank, the “two wings” business contribution is growing and Hongta's trend is relatively slow, putting more pressure on the core telecom business. The bank is looking for details on the rapid growth of its core business or “two wings” business as a potential catalyst to change the bank's views. The bank will have 2024 revenue and EBITDA
CICC: Maintaining China Tower's (00788) “Outperform the Industry” rating, target price of HK$1.2
CICC believes that the revenue growth rate of China Tower (00788) 2H24 tower business may be higher than 1H24.
China Tower's Q1 Profit Rises 11%
China Tower's (HKG:0788) attributable profit increased 11.1% year-over-year to 2.78 billion yuan during the three months ended March. 31, according to a Friday filing with the Hong Kong Exchange. Oper
No Data