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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

中國鐵塔公司2021年非電信收入可能增長--市場傳言
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的非電信收入可能在2021年增長-市場言論

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，在能源業務強勁的支撐下，中國鐵塔(China Tower Corp)的非電信收入在2021年可能會增長。這家美國投資銀行説，這家中國塔樓基礎設施提供商還將股息支付率從60%提高到68%，這是一個積極的舉措。然而，該行指出，由於2020年資本支出大幅下降，中國鐵塔今年的5G和電信收入增長可能保持低迷。由於中國電信公司正在努力控制成本，中國鐵塔今年的塔樓租金收入不太可能有所改善。花旗將目標價從1.26港元上調至1.35港元，維持中性評級。該公司股價漲3.3%，報1.27港元。(yi wei.wong@wsj.com)

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

美國東部時間2021年3月9日00：34(格林尼治標準時間05：34)

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