China Tower (0788)

Re: China Tower (0788)

Postby winston » Fri May 10, 2019 10:54 am

not vested

CHINA TOWER(788)

Analysis:

China Tower`s annual revenue reached RMB 71.819 billion, up 4.6% year-on-year; net profit increased by 36.4% year-on-year to RMB 2.50 billion.

Domestic mobile phone manufacturers such as Huawei and Xiaomi have said that they will launch new mobile phones soon.

The 5G landing time is getting closer and closer, and the demand for base station construction will increase accordingly.

Strategy:
Buy-in Price: $1.92, Target Price: $2.25, Cut Loss Price: $1.60

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: China Tower (0788)

Postby winston » Wed May 29, 2019 1:55 pm

not vested

CHINA TOWER(788)

Analysis:

China Tower`s annual revenue reached RMB 71.819 billion, up 4.6% year-on-year; net profit increased by 36.4% year-on-year to RMB 2.50 billion.

Domestic mobile phone manufacturers such as Huawei and Xiaomi have said that they will launch new mobile phones soon.

The 5G landing time is getting closer and closer, and the demand for base station construction will increase accordingly.

Strategy:
Buy-in Price: $1.78, Target Price: $2.25, Cut Loss Price: $1.53< br>

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Tower (0788)

Postby winston » Thu Jun 06, 2019 11:08 am

not vested

CHINA TOWER(788)

Analysis:

The Group is the largest telecommunications tower infrastructure service provider in the world.

According to the annual result of 2018, the revenue has slightly rose by 4.6% to RMB 71.82 billion, where the growth of indoor distributed antenna system business and trans-sector site application and information business were strong, up 41.7% and 623.1% respectively.

Besides, the operating profit has also increased by 17.7% to RMB 9.08 billion.

Currently, Total number of sites was 1.948 million and that of tenants reached 3.009 million.

The tenancy ratio increased from 1.44 in 2017 to 1.55, reflecting continued improvement in site co-locat ion efficiency.

Moreover, Ministry of Industry and Information Technology stated that the first 5G licence will be granted very soon, meaning the start of 5G commercialization in China, and it is alleged that the 5G services will be launched in the next two month.

As the the upcoming 5G commercialization and equipment requirement, the demand in construction of base stations will further enhance.

Strategy:
Buy-in Price: $1.90, Target Price: $2.50, Cut Loss Price: $1.50

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Tower (0788)

Postby winston » Fri Jun 21, 2019 10:47 am

CHINA TOWER(788)

Analysis:

China Tower`s annual revenue reached RMB 71.819 billion, up 4.6% year-on-year;

Net profit increased by 36.4% year-on-year to RMB 2.50 billion.

Domestic mobile phone manufacturers such as Huawei and Xiaomi have said that they will launch new mobile phones soon.

The 5G landing time is getting closer and closer, and the demand for base station construction will increase accordingly.

Strategy:
Buy-in Price: $2.02, Target Price: $2.33, Cut Loss Price: $1.85

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Tower (0788)

Postby winston » Mon Jul 22, 2019 9:47 pm

CHINA TOWER(788)

Analysis:

China Tower`s 2018 annual revenue reached RMB 71.819 billion, up 4.6% yoy; net profit increased by 36.4% yoy to RMB 2.50 billion.

Domestic mobile phone manufacturers such as Huawei and Xiaomi have said that they will launch new mobile phones soon.

The 5G landing time is getting closer and closer, and the demand for base station construction will increase accordingly.

Strategy:
Buy-in Price: $2.05, Target Price: $2.33, Cut Loss Price: $1.85

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Tower (0788)

Postby winston » Fri Aug 16, 2019 2:13 pm

not vested

CHINA TOWER(788)

Analysis:

China Tower`s 2019H revenue reached RMB 37.98 billion, up 7.5% yoy;

Net profit increased by 110.6% yoy to RMB 2.55 billion.

Domestic mobile phone manufacturers such as Huawei and Xiaomi have said that they will launch new mobile phones soon.

The 5G landing time is getting closer and closer, and the demand for base station construction will increase accordingly.

As of the end of July, the company has completed the construction and delivery of 7863 5G base stations, and the operators have opened 6324 5G base stations.

It is expected that by the end of 2019, more than 10,000 5G base stations will be built.

Strategy:
Buy-in Price: $1.75, Target Price: $2.30, Cut Loss Price: $1.46

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Tower (0788)

Postby winston » Thu Sep 19, 2019 7:11 am

not vested

CHINA TOWER(788)

Analysis:

China Tower`s 2019H revenue reached RMB 37.98 billion, up 7.5% yoy; net profit increased by 110.6% yoy to RMB 2.55 billion.

Domestic mobile phone manufacturers such as Huawei and Xiaomi have said that they will launch new mobile phones soon.

The 5G landing time is getting closer and closer, and the demand for base station construction will increase accordingly.

As of the end of July, the company has completed the construction and delivery of 7863 5G base stations, and the operators have opened 6324 5G base stations.

It is expected that by the end of 2019, more than 10,000 5G base stations will be built.

Strategy:
Buy-in Price: $1.78, Target Price: $2.30, Cut Loss Price: $1.47

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Tower (0788)

Postby winston » Tue Jan 12, 2021 12:45 pm

China Tower Corporation (788 HK) - Maintain cautious stance

Since our last HOLD-rated report on the company on 20 October 2020, China Tower’s share price has corrected by about 24% compared to the Hang Seng Index’s 14% rise.

Sentiment has been weighed by recent US actions on the Chinese Telcos, of which China Tower is a subsidiary.

Besides this, we have highlighted in our earlier reports that there are concerns that the company may need to lower its tower lease fee upon contract expiry in 2023 in order to support the government's "speed upgrade, tariff reductions" initiatives to help accelerate the country's 5G network rollout.

Indeed we note that MSCI has downgraded China Tower’s ESG rating from BBB in Oct 2018 to BB in Sep 2019 and then to B in Jun 2020.

The rating downgrade reflects China Tower’s increased governance risks, highlighted by factors such as significant related party transactions.

We fine-tune our estimates and our fair value is lowered to HKD1.16. HOLD.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118528
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