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China Tower Revises AGM Notice to Include New Director Appointment and Debt Financing Plans
Goldman Sachs: Maintains CHINA TOWER (00788) "Neutral" rating and lowers Target Price to 12.5 Hong Kong dollars.
Goldman Sachs pointed out that as most tower-type Assets will reach their depreciable years, the expected decline in depreciation expenses will result in a strong one-time increase in CHINA TOWER's Net income in 2026.
[Special Contributor] Guo Jiayao: Market sentiment is cautious coupled with the upcoming long holiday, overall transactions have decreased.
Jinwu Financial News | US stocks initially fell before rebounding last Friday. The market was impacted by weak consumer confidence data early in the session, with the Dow Jones Industrial Average once dropping over 300 points, followed by a Bottom Rebound, where all three major indices recorded gains by the close. The US dollar performed well, with the yield on ten-year US Treasury bonds falling to 4.25%. Gold prices continued to retreat, while oil prices remained steady. Hong Kong's pre-market securities showed positive performance, with expectations of a higher opening in the early session. The mainland China's stock market developed differently last Friday, with the Shanghai Composite Index opening high and then falling, closing down 0.1%, and the trading volume in both the Shanghai and Shenzhen markets slightly increasing. Hong Kong stocks remained stable, with the Index hovering around the 22,000-point level and overall trading volume staying light.
CHINA TOWER (00788.HK): It is recommended to appoint Cheng Jianjun as a non-executive Director.
GLONGHUI reported on April 24 that CHINA TOWER (00788.HK) announced that the Board of Directors recommends the appointment of Cheng Jianjun as a non-executive director of the company, but this requires approval from the Shareholders.
Investors in China Tower (HKG:788) Have Unfortunately Lost 26% Over the Last Five Years
Goldman Sachs: assigns a "Neutral" rating to CHINA TOWER (00788) with a Target Price of 12.5 HKD.
The bank stated that the key performance Indicators for 2025 meet the guidance, but there is uncertainty regarding the dividend outlook for 2026. The pace of 5G base station deployment may slow down, and if a new rising cycle for base station deployment occurs, the rating may become more positive.
