[ET Net News Agency, 9 March 2021] Jefferies Research cut its target price for China
Tower Corporation (00788) to HK$1.38 from HK$1.44 and maintained its "hold" rating.
The research house said China Tower's 4Q 2020 results are in line, but 2020 capex was
Rmb9bn and 2021 guidance is Rmb3bn above Jefferies' estimate, mainly due to upgrading more
towers to be 5G ready.
Jefferies estimated only 19% of new 5G BTSes (base transmission system) turned into
tenancies in 2020, likely due to the retirement of 2G/3G and using 4G/5G integrated
antennas. 5G BTS build in 2021 will likely grow only 10-15%. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00788 CHINA TOWER
Nominal 
0.910 +0.010 (+1.111%) Others
09/03/2021 16:54
{I-bank focus}Jefferies cuts China Tower (00788) to HK$1.38
| Remark: | Real time quote last updated: 25/04/2024 13:36 |
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