Goldman Sachs: Maintains "neutral" rating on China Tower (00788), target price lowered to HKD 1.
Goldman Sachs expects that the revenue and profit growth rate of China Tower (00788) will improve from a low base this year to 2024.
Goldman Sachs has released a research report stating that it maintains a "neutral" rating for CHINA TOWER (00788). Although the company is expected to achieve higher growth rates as the impact of pricing diminishes, the target price has been lowered from HKD 1.1 to HKD 1 due to a slowdown in telecommunications capital expenditure for 5G and mobile infrastructure. The bank predicts that the company's revenue and profit growth rate will improve from this year's low base in 2024. Pricing will remain stable from 2024 to 2027 until new pricing agreements are negotiated by the end of 2027.
Related Articles
Cinda: Global liquidity has tightened and the US dollar index may enter a period of wide fluctuations in the second half of the year.
Hong Kong Property: There were 79 second-hand public housing transactions registered in Hong Kong this month, representing a decrease of over 10% month-on-month.
Mei Wai: Affected by the adjustment of Hong Kong stocks, trading in the Hong Kong property market slowed down in June.
Cinda: Global liquidity has tightened and the US dollar index may enter a period of wide fluctuations in the second half of the year.
Hong Kong Property: There were 79 second-hand public housing transactions registered in Hong Kong this month, representing a decrease of over 10% month-on-month.
Mei Wai: Affected by the adjustment of Hong Kong stocks, trading in the Hong Kong property market slowed down in June.
RECOMMEND
