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<Research>Deutsche Bank Hikes CHINA TOWER-NEW (00788.HK) TP to $16, Maintains Buy Rating
Deutsche Bank's research report wrote that CHINA TOWER-NEW (00788.HK) manifested a 10% YoY rise in net profit to RMB10.7 billion in 2024, with revenue growing by 4%. The broker...
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<Research>Deutsche Bank Hikes CHINA TOWER-NEW (00788.HK) TP to $16, Maintains Buy Rating
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Deutsche Bank's research report wrote that CHINA TOWER-NEW (00788.HK)  +0.080 (+0.697%)    Short selling $4.36M; Ratio 7.726%   manifested a 10% YoY rise in net profit to RMB10.7 billion in 2024, with revenue growing by 4%. The broker anticipated that reduced interest expense and depreciation intensity will continue to drive profit and dividend this year and beyond.

Management also highlighted AI edge computing as a strategic focus. Deutsche Bank forecast that China Tower could deliver a dividend yield of nearly 7% in 2026, with an estimated CAGR for EPS of 27% from 2024 to 2027.

Related NewsG Sachs Ratings, TPs on CN Telecoms (Table)
Consequently, the broker hiked its target price on the Chinese telecom from HKD14 to HKD16, maintaining a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)

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