Added to YB: 2024-02-21
Pitch date: 2024-02-20
CHWRF [bullish]
China Tower Corporation Limited
+42.51%
current return
Author Info
No bio for this author
Company Info
China Tower Corporation Limited, together with its subsidiaries, provides telecommunication tower infrastructure services in the People's Republic of China.
Market Cap
HKD 179.0B
Pitch Price
HKD 8.62
Price Target
N/A
Dividend
4.07%
EV/EBITDA
5.00
P/E
16.69
EV/Sales
2.73
Sector
Diversified Telecommunication Services
Category
value
China Tower: Obvious Mechanical Upside To Earnings
China Tower: Overlooked value vs peers - 14x P/E, 3x EV/EBITDA vs AMT's 45x P/E, 21x EV/EBITDA. New 5yr contracts set for growth; depreciation ends '25, big profit & div boost (15%?). 6x EV/FCF now, deleveraging. Risks: China perception, Taiwan, US contagion. Fundamentals may trump long-term.
Read full article (4 min)