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00788 CHINA TOWER
RTNominal unchange1.040 0.000 (0.000%)
Research Report

20/04/2021 13:53

{I-bank focus}Nomura lowers China Tower (00788) to HK$1.35

[ET Net News Agency, 20 April 2021] Nomura lowered its target price for China Tower
(00788) to HK$1.35 from HK$1.52 and downgraded its rating to "neutral" from "buy".
The research house said it believes China Tower will continue to enjoy healthy momentum
in the "two wings" business - TSSAI and energy operations - thanks to its tower assets
scattered across the country, and growing demand from government and industrial clients.
It estimates 18%/71% revenue CAGR in the two segments in FY21-23F, which combined would
contribute to 10% of total revenue in 2023F. (RC)

Remark: Real time quote last updated: 21/10/2021 17:59
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