by 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"