New Street Research - China Tower Corp Ltd (788) New Street: China Tower (Buy, TP: HK$2.2, +105%) Q2 21: Good overall; further stabilisation in growth

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New Street Research

Chris Hoare

New Street: China Tower (Buy, TP: HK$2.2, +105%) Q2 21: Good overall; further stabilisation in growth

China Tower has reported a good set of Q2 figures with top line growing at around 7% for the fourth quarter in a row and EBITDA trends improving (slightly) again.

09/08/2021 2 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:

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Chris Hoare

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New Street: China Tower (Buy, TP: HK$2.2, +105%) Q2 21: Good overall; further stabilisation in growth

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

VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

Microsoft vs. OpenAI: Implications for investors?

SATS, Carr, and the Art of the No Deal…Yet

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