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China Tower May Be Weighed by Lower 5G Spending -- Market Talk

China Tower May Be Weighed by Lower 5G Spending -- Market Talk

中国铁塔可能会受到5G支出下降的影响-市场传言
Dow Jones Newswires ·  2021/04/20 02:04

DJ China Tower May Be Weighed by Lower 5G Spending -- Market Talk

DJ China Tower可能会受到5G支出下降的影响-市场讨论

0604 GMT - China Tower Corp. is likely to be weighed by lower 5G infrastructure spending in the next two years, Nomura says, downgrading the stock from buy to neutral, and lowering the target price to HK$1.25 from HK$1.35. The Japanese investment bank expects tower construction demand to slow and telcos to remain prudent regarding their 5G expansion plans. China Tower may have to wait for more visibility on 5G expansion plans of telcos before its tower segment can emerge as an earnings growth driver. Nomura also lowers its 2021-2023 earnings estimates for China Tower by 3.8%-11.8% to factor in higher capex and depreciation costs. Shares are down 2.5% at HK$1.15. (yiwei.wong@wsj.com)

0604GMT-野村表示，未来两年中国铁塔股份有限公司可能受到5G基础设施支出下降的拖累，将该股评级从买入下调至中性，并将目标价从1.35港元下调至1.25港元。这家日本投资银行预计，塔楼建设需求将放缓，电信公司将对其5G扩张计划保持谨慎。中国铁塔可能不得不等待电信公司的5G扩张计划获得更多关注，然后其塔楼部门才能成为盈利增长的驱动力。野村证券还将中国塔2021-2023年的收益预期下调了3.8%-11.8%，以考虑到更高的资本支出和折旧成本。该公司股价跌2.5%，报1.15港元。(yi wei.wong@wsj.com)

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April 20, 2021 02:04 ET (06:04 GMT)

2021年4月20日东部时间02：04(格林尼治标准时间06：04)

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