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00788 CHINA TOWER
RTNominal down0.880 -0.010 (-1.124%)
Research Report

06/01/2020 15:20

{I-bank focus}DBS slashes China Tower (00788) to HK$2.7

[ET Net News Agency, 6 January 2020] DBS Group Research lowered its target price for
China Tower (00788) to HK$2.7 from HK$3.1 and maintained its "buy" rating.
The research house said China Tower is the largest tower company in China with a market
share of 96%. DBS believes it will benefit from stronger demand for tower services driven
by 5G network build-outs and increasing mix of macro cells in base transceiver station
(BTS) in FY2020-21. (KL)

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