TipRanks
Go Ultimate55% OFF

China Tower (0788) AI Stock Analysis

Top Page

HK:0788

China Tower

(HKEX:0788)

Select Model
Rating:74Outperform
Price Target:HKD 11.00â–²(22.84% Upside)
Action:upgraded
Date:08/06/26

The score is led by solid underlying financial stability (steady margins and improving leverage) and supportive valuation (moderate P/E with a ~5.16% dividend yield). Technicals add a modest positive tilt near term (price above 20/50DMA and positive MACD), but the longer-term trend is still mixed with price below the 100/200DMA and momentum somewhat stretched (stochastics ~80).

Positive Factors
Recurring contract-like revenueChina Tower’s core revenue is leasing site space and related services under long-term, recurring contracts with major carriers. That steady, contract-like cash flow and the co-location model create high revenue visibility, support predictable O&M spending, and enable multi-year planning and reinvestment.
Negative Factors
Limited top-line momentumFlat to negative revenue growth constrains operating-leverage upside and caps organic earnings growth. Without sustained increases in site counts or co-location rates, the business relies on cost control or non-organic initiatives to grow EBITDA, limiting long-term upside in a mature domestic market.

China Tower (0788) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-15%-10%-5%0%5%10%15%20%HK:0788-15.68%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 19.84B
Dividend Yield
6.62%
Average Volume (3M)
17.96M
Price to Earnings (P/E)
9.6
Beta (1Y)
0.63
Revenue Growth
3.86%
EPS Growth
24.32%
Country
Hong Kong
Employees
25,074
Sector
Communication Services
Sector Strength
60
Industry
Telecommunications Services

China Tower Business Overview & Revenue Model

Company Description

China Tower Corporation Limited serves as a prominent telecommunications infrastructure provider throughout the People's Republic of China. The company's core operations involve the development, upkeep, and management of essential base station facili...

How the Company Makes Money

China Tower primarily makes money by leasing telecommunications infrastructure and providing related services to wireless carriers and other customers. Its main revenue model centers on long-term, recurring service fees tied to the number of tenant e...

China Tower Financial Statement Overview

Summary

Solid overall financial quality driven by steady profitability (net margin 11.6% in 2025; EBIT margin mid-teens) and improving leverage (debt-to-equity ~0.44 in 2025 vs ~0.61 in 2020). Offsets include limited top-line momentum (2025 revenue growth -1.3%) and uneven free-cash-flow conversion/volatility (FCF negative in 2023; ~46% of net income in 2025).

Income Statement

72Positive

Balance Sheet

76Positive

Cash Flow

67Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue98.09B100.41B97.77B94.01B92.17B86.58B
Gross Profit47.02B83.23B81.21B88.62B86.31B86.58B
EBITDA57.56B65.64B66.03B64.71B64.06B62.71B
Net Income13.74B11.63B10.73B9.75B8.79B7.33B
Balance Sheet
Total Assets0336.72B332.83B326.01B305.56B323.26B
Cash, Cash Equivalents and Short-Term Investments9.60B12.32B2.60B3.96B5.12B6.47B
Total Debt090.50B92.55B94.63B79.12B101.30B
Total Liabilities-205.71B132.33B132.85B128.31B111.97B133.91B
Stockholders Equity205.71B203.99B199.98B197.69B193.59B189.35B
Cash Flow
Free Cash Flow6.10B25.60B19.68B-638.00M36.47B27.83B
Operating Cash Flow20.04B56.12B49.47B32.84B65.13B60.50B
Investing Cash Flow-13.49B-29.31B-27.98B-31.91B-27.66B-31.52B
Financing Cash Flow-8.89B-17.09B-22.84B-2.10B-38.83B-27.56B

China Tower Technical Analysis

Technical Analysis SentimentNegative
Last Price8.96

Price Trends

50DMA9.00Negative
100DMA9.11Negative
200DMA9.76Negative

Market Momentum

MACD-0.04Positive
RSI48.80Neutral
STOCH41.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0788, the sentiment is Negative. The current price of 8.96 is below the 20-day moving average (MA) of 8.98, below the 50-day MA of 9.00, and below the 200-day MA of 9.76, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 48.80 is Neutral, neither overbought nor oversold. The STOCH value of 41.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0788.

China Tower Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

HK:0788 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:6823HK:682378OutperformHKD 92.13B17.3614.86%6.81%7.09%4.21%
HK:0788HK:078874OutperformHKD 156.54B9.626.68%6.62%3.86%24.32%
HK:0941HK:094170OutperformHKD 1.75T11.538.81%6.78%4.21%-5.91%
HK:0552HK:055269NeutralHKD 25.56B3.527.10%6.96%0.21%-0.68%
HK:0762HK:076268NeutralHKD 159.42B6.736.99%8.92%3.82%-22.79%
HK:0728HK:072861NeutralHKD 703.95B22.696.14%6.43%1.18%-12.12%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%

* Communication Services Sector Average

Performance Comparison

-40%-20%0%20%HK:0788HK:0728HK:0941HK:0762HK:0552HK:6823Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0788 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0788China Tower Corporation8.96-1.69-15.90%
HK:0728China Telecom Corp Class H4.50-0.72-13.78%
HK:0941China Mobile Limited80.00-0.69-0.86%
HK:0762China Unicom (Hong Kong) 5.21-4.01-43.47%
HK:0552China Communications Services Corp Class H3.69-0.73-16.44%
HK:6823HKT Trust and HKT 12.151.4213.19%

China Tower Corporate Events

China Tower Sets August Board Meeting to Review Interim Results and Dividend

Jul 28, 2026

China Tower Corporation Limited has scheduled a board meeting for 11 August 2026 to review and approve the interim results for the first half of 2026. The board will also consider the potential declaration of an interim dividend, a decision that coul...

China Tower Sets Out Board Line-Up and Committee Structure

Jun 16, 2026

China Tower Corporation Limited has disclosed the current composition of its board, detailing executive, non-executive and independent non-executive directors, with Zhang Zhiyong serving as chairman and Chen Li as general manager. The company also ou...

China Tower Shareholders Approve Appointment of New Executive Director

Jun 16, 2026

China Tower shareholders approved the appointment of Yin Wenkai as an executive director at the company’s first extraordinary general meeting of 2026, held in Beijing on 16 June. The resolution passed with more than 99% of votes cast in favour,...

China Tower Calls June EGM to Vote on New Executive Director Appointment

May 26, 2026

China Tower Corporation Limited has convened its first extraordinary general meeting of 2026 for 16 June in Beijing, where shareholders will vote on the proposed appointment of Mr. Yin Wenkai as an executive director. The board is also seeking author...

China Tower Proposes Veteran Telecom Executive Yin Wenkai as New Board Director

May 18, 2026

China Tower has proposed appointing senior telecom executive Yin Wenkai as an executive director, subject to shareholder approval at its first extraordinary general meeting of 2026 scheduled for 16 June. Yin, currently a deputy general manager at Chi...

China Tower Sets 2025 Final Dividend and Clarifies Withholding Tax for H Shareholders

May 15, 2026

China Tower Corporation Limited has declared a final ordinary dividend of RMB 0.32539 per share for the financial year ended 31 December 2025, with shareholder approval granted on 15 May 2026. The dividend for H share investors will be paid in Hong K...

China Tower Shareholders Back Dividend, Auditors and Share Issuance Mandate at AGM

May 15, 2026

China Tower said shareholders overwhelmingly approved all resolutions at its 15 May 2026 annual general meeting in Hong Kong, with more than 17.6 billion issued shares eligible to vote and no voting restrictions or treasury shares in place. The meeti...

China Tower Announces Routine Resignation of Company Supervisor

May 7, 2026

China Tower Corporation Limited, a major mainland China telecommunications infrastructure provider listed in Hong Kong, focuses on constructing and operating communications towers and related facilities for mobile network operators. Its board compris...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026