Date Time Topic Venue Speaker Fee Status
23/11/2019 2:30pm4:00pm Dialogue with Listed Companies – CHINA TOWER (788) 10/F, Chinachem Cameron Centre42-44 Cameron Road, Tsim Sha Tsui, Kowloon Mr. Edgar FuInvestor Relations Director, China Tower Free Register Now Cancel
14/11/2019 7:00pm8:30pm HK stock market outlook under global monetary easing 28/F Massmutual tower33 Lockhart Road Wan Chai Research StrategistMr. Ivan Ip Free Register Now Cancel

Dialogue with Listed Companies – CHINA TOWER (788)

About China Tower

Market Capitalization

More than 82 billion HKD

Core Business

The world's largest telecommunications tower infrastructure service provider

Business Growth

The tenancy ratio increased to 1.58 for 1H19 from 1.47 during the initial listing period, and is expected to reach 1.72 at the end-22. Net margin rose 3.3 ppt yoy. On a comparable basis, the EBITDA margin maintained at a satisfactory level of 58.0%

Strategic Plan

Implement the "One Core, Two Wings" strategy; stabilize the leadership position in the tower market and enhance efficiency; meanwhile actively establish TSSAI strategic partners to foster a new growth engine

Development Opportunities

The three major telecom operators in the Mainland are expected to achieve 5G commercialization by 2020, and offer large-scale commercial services in 2021, and the construction of 5G infrastructures would be fully launched

Competitive Advantages_
  1. The Company's market share in the PRC telecommunications tower infrastructure industry was 97%, and the 5G base station has high density requirements. With oligopolistic nature, the Company can take full advantages of demand growth
  2. Sharing-oriented business model allows the Company to enhance increase tenancy ratio and marginal profit, with high operating leverage and manageable capital expenditure growth
  3. The three major telecom operators provide long-term stable income sources, and strong free cash flow enhances the defensive ability against downturn of the Company

HK stock market outlook under global monetary easing

The restart of global monetary easing has raised expectations that global stock markets have been given a new lease of life. Has the opportunity for market entry finally come after the downtrend of HSI lasted for 20 months? The seminar would give participants corresponding deployment suggestions with a focus on introducing stocks with high earnings visibility.