New Street Research - China Tower Corp Ltd (788) New Street: China Tower (Buy, TP: HK$1.2, +33%) IR Small Group Call

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New Street Research

Chris Hoare

EUR 8818.00 For Business Accounts Only

New Street: China Tower (Buy, TP: HK$1.2, +33%) IR Small Group Call

We hosted a call this evening HK time with IR at China Tower. Unlike the telcos (China Telecom feedback HERE, replay HERE; China Unicom feedback HERE, replay HERE, China Mobile feedback HERE, replay HERE), China Tower remains under margin pressure despite improved revenue growth over the last 18 months.

21/04/2022 1 EN

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China Tower Corp Ltd

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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New Street: China Tower (Buy, TP: HK$1.2, +33%) IR Small Group Call

Chinese Telcos & Towers Outlook 2024 – Expect another good year for the telcos

China Tower (Buy, TP: HKD 1.7, +136%) Q3 23 Quick Take: Better overall; robust bottom line again

EM Tower Trends Faster quarter in Africa and Indonesia; IHS’ MTN Nigeria contract non-renewal is a negative for the EM Tower space; Q2 CY23 review

Nvidia: H20 exports to China banned. Walking on eggs.

Will Another Trump Call for the FCC to Revoke the CBS Licenses Work?

Tariffs & Broadcom: the baseline & what’s next:

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