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25320 SG-CTWR@EC2612A (CALL)
RT Nominal up0.170 +0.006 (+3.659%)

07/02/2024 15:39

{I-bank focus}Jefferies raises China Tower to HKD1.09

[ET Net News Agency, 7 February 2024] Jefferies raised the target price for China Tower
(00788) to HKD1.09 from HKD1.04 and maintained the "buy" rating.
The research house said it views China Tower as an attractive alternative to telcos, but
still prefers CCS given its compelling valuation, larger room to raise div payout, and GM
improvement potential. (RC)

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