Loading...
788 logo

China Tower Corporation LimitedSEHK:788 Stock Report

Market Cap HK$172.7b
Share Price
HK$9.74
HK$12.71
23.4% undervalued intrinsic discount
1Y-16.0%
7D-2.8%
1D
Portfolio Value
View

China Tower Corporation Limited

SEHK:788 Stock Report

Market Cap: HK$172.7b

788 Community Fair Values

Create Narrative

See what 12 others think this stock is worth. Follow their fair value or set your own to get alerts.

China Tower Corporation Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for China Tower
Historical stock prices
Current Share PriceHK$9.74
52 Week HighHK$12.85
52 Week LowHK$9.81
Beta0.34
1 Month Change-12.09%
3 Month Change-10.64%
1 Year Change-16.03%
3 Year Change8.22%
5 Year Change-8.97%
Change since IPO-22.70%

Recent News & Updates

Narrative Update Jun 02

788: Dividend Outlook And Lower Discount Rate Will Support Future Upside Potential

Analysts have trimmed their HK$ price target on China Tower, reflecting slightly lower assumptions for fair value, revenue growth and profit margins. This is partly offset by a higher future P/E multiple and a modestly reduced discount rate.

Recent updates

Narrative Update Jun 02

788: Dividend Outlook And Lower Discount Rate Will Support Future Upside Potential

Analysts have trimmed their HK$ price target on China Tower, reflecting slightly lower assumptions for fair value, revenue growth and profit margins. This is partly offset by a higher future P/E multiple and a modestly reduced discount rate.
Analysis Article Feb 11

Investors Interested In China Tower Corporation Limited's (HKG:788) Earnings

China Tower Corporation Limited's ( HKG:788 ) price-to-earnings (or "P/E") ratio of 15.3x might make it look like a...
Narrative Update Feb 05

788: Battery Recycling Partnership Will Support Future Upside Potential

Analysts have nudged their price target on China Tower higher, reflecting a modestly richer fair value estimate and slightly adjusted assumptions on the discount rate, revenue growth, profit margins, and forward P/E expectations. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to work together on lithium battery recycling and carbon neutrality projects, using each party's resources, technology and market reach to build a circular economy ecosystem for lithium batteries (Key Developments).
Narrative Update Jan 22

788: Battery Recycling Push And Governance Reforms Will Support Future Upside

Analysts have increased their price target for China Tower to US$13.19 from US$13.13, citing slightly updated assumptions around the discount rate, long-term revenue growth, profit margins and future P/E expectations. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to work together on lithium battery recycling and circular economy projects under China's carbon neutrality objectives (Key Developments).
Narrative Update Jan 08

788: Battery Recycling Partnership Will Drive Long Term Carbon Neutrality Opportunity

Analysts have lowered their price target on China Tower to about $14.12 from roughly $16.17, citing updated assumptions that reflect a slightly higher discount rate, more conservative revenue growth and profit margin forecasts, and a modestly higher future P/E multiple. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to build a nationwide lithium battery recycling and circular economy ecosystem aligned with China's "carbon peaking and carbon neutrality" goals (Key Developments).
Analysis Article Jan 04

China Tower (HKG:788) Has More To Do To Multiply In Value Going Forward

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Dec 17

Here's Why We Think China Tower (HKG:788) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update Dec 14

788: Governance Reforms And Higher Multiple Will Shape Balanced Outlook

Analysts have raised their price target on China Tower from approximately $10.09 to $12.11 per share, citing a higher assumed future price to earnings multiple that more than offsets modestly lower forecasts for revenue growth and profit margins. What's in the News China Tower has scheduled a special and extraordinary shareholders meeting for December 23, 2025 at 14:30 China Standard Time in Beijing to consider major corporate governance changes (Key Developments).
Narrative Update Nov 30

788: Board Structure Changes And Margin Outlook Will Shape Future Returns

China Tower’s analyst price target was slightly reduced from ¥13.36 to ¥13.13, as analysts cited marginally softer profit margin and revenue growth expectations. What's in the News Proposed amendments to China Tower's Articles of Association and Rules of Procedure, including the abolishment of the Supervisory Committee.
Narrative Update Nov 16

788: Improving Profitability And Lower P E Ratio Will Drive Gains

Narrative Update: Analyst Price Target Adjustment for China Tower Analysts have slightly lowered their fair value estimate for China Tower from RMB13.45 to RMB13.36. This change is due to adjustments in the discount rate and updated expectations for revenue growth and profit margin.
Analysis Article Oct 14

China Tower Corporation Limited's (HKG:788) Share Price Matching Investor Opinion

When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 12x, you may consider...
Analysis Article Sep 29

Does China Tower (HKG:788) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Aug 26

Returns On Capital At China Tower (HKG:788) Have Stalled

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Aug 07

Does China Tower (HKG:788) Deserve A Spot On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Jul 06

China Tower Corporation Limited's (HKG:788) P/E Still Appears To Be Reasonable

With a price-to-earnings (or "P/E") ratio of 16.6x China Tower Corporation Limited ( HKG:788 ) may be sending bearish...
Analysis Article Jun 18

Does China Tower (HKG:788) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
User avatar
New Narrative Mar 23

Expanding Two Wings And Smart Tower Businesses Will Improve Future Operational Efficiency

Expansion into Two Wings business and Smart Tower growth indicates strategic diversification to drive future revenue beyond core offerings.

Shareholder Returns

788HK TelecomHK Market
7D-2.8%-2.6%-0.9%
1Y-16.0%-12.5%7.3%

Return vs Industry: 788 underperformed the Hong Kong Telecom industry which returned -12.5% over the past year.

Return vs Market: 788 underperformed the Hong Kong Market which returned 7.3% over the past year.

Price Volatility

Is 788's price volatile compared to industry and market?
788 volatility
788 Average Weekly Movement3.2%
Telecom Industry Average Movement3.3%
Market Average Movement7.4%
10% most volatile stocks in HK Market15.9%
10% least volatile stocks in HK Market3.5%

Stable Share Price: 788 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 788's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201425,074Li Chenwww.china-tower.com

China Tower Corporation Limited, together with its subsidiaries, provides telecommunication tower infrastructure services in the People's Republic of China. The company engages in the construction, maintenance, and operation of base station ancillary facilities, such as telecommunications towers and public network coverage in high-speed railway tunnels and subways, large-scale indoor distributed antenna systems, and integrated digital infrastructure service. It also offers towers, and shelters or cabinets; and ancillary equipment to TSPs to facilitate the operating of their telecommunications equipment.

China Tower Corporation Limited Fundamentals Summary

How do China Tower's earnings and revenue compare to its market cap?
788 fundamental statistics
Market capHK$172.71b
Earnings (TTM)HK$14.58b
Revenue (TTM)HK$116.72b
11.7x
P/E Ratio
1.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
788 income statement (TTM)
RevenueCN¥100.79b
Cost of RevenueCN¥15.71b
Gross ProfitCN¥85.07b
Other ExpensesCN¥72.48b
EarningsCN¥12.59b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin84.41%
Net Profit Margin12.49%
Debt/Equity Ratio36.4%

How did 788 perform over the long term?

See historical performance and comparison

Dividends

5.4%
Current Dividend Yield
64%
Payout Ratio

Does 788 pay a reliable dividends?

See 788 dividend history and benchmarks
When do you need to buy 788 by to receive an upcoming dividend?
China Tower dividend dates
Ex Dividend DateMay 20 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend19 days
Days until Dividend pay date22 days

Does 788 pay a reliable dividends?

See 788 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 09:17
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

China Tower Corporation Limited is covered by 28 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chris LaneBernstein
Wai Kit ChuBofA Global Research
Shuyun CheChina International Capital Corporation Limited