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00788 CHINA TOWER
RTNominal down10.230 -0.170 (-1.635%)
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22/10/2024 15:34

UBS raises China Tower (00788) to HKD1.15

  [ET Net News Agency, 22 October 2024] UBS raised the target price for China Tower (00788) to HKD1.15 from HKD1.05 and maintained the "neutral" rating.
  The research house said it lowers 2025-26e net profit by 3-9% to reflect lower depreciation saving assumptions, as CTC has been replacing tower ancillary equipment over recent years, ahead of Oct-2025 when towers acquired in 2015 would be fully depreciated. (rc)

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