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China Tower Corp's Non-Telco Revenue Could Grow in 2021 -- Market Talk

China Tower Corp's Non-Telco Revenue Could Grow in 2021 -- Market Talk

中国铁塔公司2021年非电信收入可能增长--市场传言
Dow Jones Newswires ·  2021/03/09 00:34

DJ China Tower Corp's Non-Telco Revenue Could Grow in 2021 -- Market Talk

DJ China Tower Corp的非电信收入可能在2021年增长-市场言论

0534 GMT - China Tower Corp's non-telco revenue could grow in 2021, buoyed by the strength of its energy business, Citi says. The Chinese tower infrastructure provider has also increased its dividend payout ratio to 68% from 60%, which is a positive move, the U.S. investment bank says. However, China Tower's 5G and telco revenue growth could remain muted this year as capex was significantly lower in 2020, the bank notes. As Chinese telcos are trying to control costs, it is unlikely that China Tower's tower rental income will improve this year. Citi raises its target price to HK$1.35 from HK$1.26 and maintains a neutral rating. Shares are 3.3% higher at HK$1.27. (yiwei.wong@wsj.com)

0534GMT-花旗表示，在能源业务强劲的支撑下，中国铁塔(China Tower Corp)的非电信收入在2021年可能会增长。这家美国投资银行说，这家中国塔楼基础设施提供商还将股息支付率从60%提高到68%，这是一个积极的举措。然而，该行指出，由于2020年资本支出大幅下降，中国铁塔今年的5G和电信收入增长可能保持低迷。由于中国电信公司正在努力控制成本，中国铁塔今年的塔楼租金收入不太可能有所改善。花旗将目标价从1.26港元上调至1.35港元，维持中性评级。该公司股价涨3.3%，报1.27港元。(yi wei.wong@wsj.com)

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March 09, 2021 00:34 ET (05:34 GMT)

美国东部时间2021年3月9日00：34(格林尼治标准时间05：34)

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