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<Research>M Stanley Lowers 2025/ 2026 Earnings Forecasts for CHINA TOWER (00788.HK), Cuts TP to $12
Recommend 16 Positive 27 Negative 10 |
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Morgan Stanley issued a research report basically maintaining its revenue forecast for CHINA TOWER (00788.HK). Considering the higher-than-expected amortization expense in 1Q25, the broker lowered its 2025/ 2026 EPS forecasts by 8%/ 11% to RMB0.66/ RMB1 each, and reduced its 2027 EPS forecast to RMB1.12 from RMB1.25. Morgan Stanley cut its target price to $12 accordingly, with rating at Overweight, as it is estimated that 2026 DPS can be significantly increased with savings in depreciation expenses and a stable dividend yield. AAStocks Financial News |
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