Earnings Alerts

China Tower (788) Earnings: 1H Net Income Hits 5.33B Yuan with 48.25B Yuan Operating Revenue

  • China Tower reported a net income of 5.33 billion yuan for the first half of 2024.
  • The company’s operating revenue reached 48.25 billion yuan during this period.
  • Revenue from China Tower’s tower business was 37.96 billion yuan.
  • In terms of analyst recommendations, there are 8 buy ratings, 8 hold ratings, and no sell ratings for China Tower shares.

China Tower on Smartkarma

Analyst coverage of China Tower on Smartkarma reveals insightful findings. Brian Freitas, a top independent analyst, published a research report titled “FXI Rebalance Preview: One High Probability Change; One More Possible.” In the report, Freitas suggests that there may be upcoming changes for the FXI ETF in September. Specifically, potential inclusions like China Tower (788 HK) and deletions such as China International Capital Corporation (3908 HK) are highlighted. Freitas notes the shifting trends in short positions for these companies, indicating a bullish sentiment towards China Tower.

Through Smartkarma, investors gain access to valuable research like Freitas’ analysis, shedding light on the potential movements within the market. With detailed insights on key companies like China Tower, independent analysts provide a clearer picture for investors to make informed decisions. Freitas’ bullish outlook on China Tower amidst changing dynamics in the market underlines the importance of staying updated on analyst coverage through platforms like Smartkarma.


A look at China Tower Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Tower Corporation Limited, a leading telecommunication company in China, has been given high Smart Scores across various factors. With top scores in Value and Dividend, it indicates the company is considered financially sound and rewarding for investors seeking stable returns. Additionally, a strong score in Growth highlights potential for expansion and development in the future. However, a lower score in Resilience suggests some concerns about the company’s ability to withstand economic challenges. Nonetheless, the Momentum factor, with a top score, indicates positive market sentiment towards the company’s current performance and future prospects.

Operating in the telecommunication industry, China Tower focuses on constructing and maintaining telecommunication towers and related infrastructure throughout China. The company’s high Smart Scores in Value, Dividend, Growth, and Momentum point towards a favorable long-term outlook, suggesting it is well-positioned for growth and potential returns. While the Resilience factor lags behind, indicating some vulnerability, the overall positive assessment of China Tower’s financial strength and market momentum underscores its potential as an investment opportunity in the telecommunication sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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