Telecommunication Services

CHINA TOWER

CICC Reports China Tower's Q1 Profit Up 31.8%, Maintains Outperform Industry Rating

China Tower Announces First Quarter Earnings

China Tower Announces Q1 Net Profit of 3.985 Billion Yuan

China Tower Reports 31.8% Profit Growth in Q1 2026 and Announces Strategy

China Tower Emphasizes 'One Core Two Wings' Strategy Progress in 2025 ESG Report

China Tower Releases 2025 Annual Report Highlighting Steady Infrastructure Growth

CHINA TOWER released FY2026 Q1 earnings on April 17 During-Market BJT, actual revenue HKD 28.51 B, actual EPS HKD 0.2584

China Tower Announces the Pre-Selection Results of the 2026 Room Division Antenna Product Centralized Procurement Project

CHINA TOWER FY2026 Q1 Earning Release on April 17 During-Market BJT

China Tower Announces Bidding Results for Passive Components and Combiner Products in 2026

UBS Downgrades CITIC Telecom Tower's Revenue and EBITDA Projections

Jefferies Adjusts China Tower Target Price and Maintains Buy Rating

CICC Maintains 'Buy' Rating for China Tower with Target Price of HKD 14.00

China Tower Expects Profit Growth Due to Tower Depreciation Ending

CHINA TOWER released FY2025 Annual Earnings on March 18 During-Market (BJT), actual revenue HKD 109.75 B (forecast HKD 111.95 B), actual EPS HKD 0.7271 (forecast HKD 0.7361)

CHINA TOWER released FY2025 Q4 earnings on March 18 During-Market (BJT), actual revenue HKD 29.02 B (forecast HKD 28.77 B), actual EPS HKD 0

China Tower Reports Profit and Revenue Growth and Announces Strategic Plan

CHINA TOWER to Release FY2025 Earnings on March 18 During-Market (BJT), Forecast Revenue HKD 114.08 B, EPS HKD 0.7498

Zhang Zhiyong Proposes Suggestions for Accelerating the Construction of New Information Infrastructure on Coastal Areas

Peking University and China Tower Jointly Build AI Industry-Education Integration Innovation Platform

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Ordinary dividend (cash)

Ex Date: Today 2026.05.20, Cash dividend 0.3722 HKD

00788

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Yesterday, China Tower's stock price rose moderately, with a total trading volume of HKD 144 million, which is larger than the recent average, indicating increased capital participation. The short-term moving average system is gradually flattening and showing signs of turning upward, with the 5-day moving average effectively supporting the stock price. The MACD daily level has established a bullish signal, suggesting that the previous phase of continuous volume contraction is coming to an end, and the buying power is beginning to recover, indicating an initial short-term bullish trend. The moderate increase in trading volume shows that market attention on the stock is warming up from a low level. On the news front, China Mobile (941.HK) rose slightly by 0.06%, while China Telecom (728.HK) fell slightly by 0.18%, with the telecom operator sector remaining stable overall. As a core asset of communication infrastructure, China Tower benefits from the ongoing construction of 5G base stations and the growing demand for data centers. Recently, driven by FOMO sentiment in technology, there has been a trend of capital spreading from pure tech stocks to technology infrastructure targets. In a high-interest environment, China Tower's stable cash flow and dividend yield have also attracted some defensive capital attention. From a technical perspective, the current stock price is in the upper half of the recent consolidation range, and the upward divergence of the short-term moving averages after gradually converging will be a key signal for trend confirmation. If the trading volume can maintain above HKD 120 million, the bullish pattern is expected to be solidified. Attention should be paid to the performance of China Tower in the A-share market and the rhythm of sector capital rotation. The short-term trend is biased towards bullish but with moderate momentum, suitable for monitoring the sustainability of trading volume

Technical Forecast

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CHINA MOBILE

China Mobile

CHINA MOBILE-R

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Chagee

CN Mobile HK SDR 5to1

Pre-market trend | CHINA TOWER (788.HK) steadily increased in volume on 5/13, does the defensive stock hide short-term opportunities?

China Tower Corporation Limited announced the resignation of supervisor Li Zhangting, effective May 7, 2026, due to a change in work arrangement. The board and supervisory committee confirmed there are no disagreements requiring shareholder attention, indicating a routine governance change. The company expressed gratitude for Li's contributions, suggesting no immediate operational disruption. China Tower, a key telecommunications infrastructure provider in China, is listed in Hong Kong and focuses on constructing and operating communication towers. The latest analyst rating for its stock (HK:0788) is a Buy with a price target of HK$12.81.

Tip Ranks

China Tower Announces Routine Resignation of Company Supervisor

CICC reported that CHINA TOWERachieved 1Q revenue of RMB25.146 billion, a 1.5% YoY increase, and a net profit of RMB3.985 billion, up 31.8% YoY, aligning with expectations. The net profit margin improved to 15.8%, attributed to the expiration of asset depreciation in 2026. EBITDA was RMB15.4 billion, with a margin of 61.1%. The broker finds the current dividend yield of 6.3% attractive and maintains its earnings forecasts for 2026 and 2027, reiterating an Outperform rating with a target price of HKD14.

AASTOCKS News

CICC

CICC: CHINA TOWER  1Q Revenue and Profit In Line

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TCL Electronics expects its adjusted net profit for the first quarter of 2023 to grow by up to 1.5 times, with revenue reaching a maximum of 30.4 billion yuan. Two new stocks, Xizhi Technology and Maiwei Biotechnology, began their subscription today, with entry fees of 2,775.71 yuan and 6,203.95 yuan respectively, and the subscription deadline is April 23. China Tower's revenue in the first quarter increased by 1.5% year-on-year, with good performance in its smart connection and energy businesses. Yidu Technology expects to turn a profit for the full year, with net profit reaching up to 56 million yuan

Tasty Money

TCL ELECTRONICS

YIDU TECH

[Daily Announcement] TCL Electronics (1070) expects adjusted net profit to increase by up to 1.5 times in the first quarter, while China Tower (788) expects a year-on-year revenue increase of 1.5% in the first quarter

China Tower (SEHK:788) reported Q1 2026 sales of CN¥25,146 million and net income of CN¥3,985 million, showing growth from the previous year. The stock is currently priced at HK$11.03, with a fair value estimate of HK$13.42, indicating it may be undervalued. The company is diversifying into new business areas, but risks remain regarding profitability and capital allocation. Investors are advised to consider the underlying data and potential risks before making decisions. This analysis does not constitute financial advice.

Simplywall

Assessing China Tower (SEHK:788) Valuation After First Quarter Earnings Lift Investor Interest

China Tower announced its first-quarter results, with operating revenue of RMB 25.146 billion, an increase of 1.5% year-on-year. It recorded a net profit of RMB 3.985 billion, a growth of 31.8%. During the quarter, EBITDA reached RMB 15.366 billion, a decrease of 11.2%; EBITDA margin was 61.1%. As of March, the number of tower sites reached 2.16 million, with 3.872 million tower tenants, a net increase of 16,000 compared to the beginning of the year

AASTOCKS

"Performance" China Tower's net profit in the first quarter is 3.985 billion RMB, an increase of 31.8%

China Tower has scheduled its 2025 annual general meeting for May 15, 2026, in Hong Kong. Shareholders will vote on the approval of financial statements, profit distribution, and the reappointment of auditors. A special resolution will also be considered to grant the board a mandate to issue up to 20% of existing capital. This move aims to enhance capital flexibility for future corporate needs. The current analyst rating for China Tower (HK:0788) is a Hold with a price target of HK$11.60.

China Tower Sets 2025 AGM to Approve Results, Dividend and Share-Issuance Mandate

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Morgan Stanley released its performance forecast for Chinese telecommunications stocks for the first quarter of 2023, expecting China Mobile's net profit to be CNY 28.079 billion, a year-on-year decrease of 8.3%; China Unicom's net profit to be CNY 5.055 billion, a decrease of 14.7%; China Telecom's net profit to be CNY 7.33 billion, a decrease of 17.3%; and China Tower's net profit to be CNY 3.926 billion, an increase of 29.8%. In terms of revenue, China Mobile is expected to generate CNY 260.859 billion, a decrease of 1.1%; China Unicom CNY 103.354 billion, flat; China Telecom CNY 134.143 billion, a decrease of 1.0%; and China Tower CNY 25.137 billion, an increase of 1.5%

CHINA UNICOM

China Unicom

Harvest CNI Communication ETF

Morgan Stanley

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

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Morgan Stanley lists the first quarter performance forecasts for Chinese telecommunications stocks (Table)

CHINA TOWER(00788.HK)