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China Tower (00788.HK) signed a strategic cooperation agreement with the China Meteorological Administration to establish regular communication mechanisms.
China Tower (00788.HK) announced that it signed a strategic cooperation agreement with the China Meteorological Administration on the 24th to establish a regular communication mechanism. Zhang Zhiyong, the director of China Tower, said that he hopes to further promote the implementation of national strategies, build a smart meteorological system, strengthen emergency communication support, improve disaster response capabilities, improve technological innovation capabilities, promote joint research and development of innovative technologies, and provide strong guarantees for accelerating the formation of new productive forces and writing a new chapter of Chinese-style modernization. Chen Zhenlin, director of the China Meteorological Administration, also pointed out that the meteorological department has vigorously promoted the modernization of meteorological science and technology capabilities and social services in recent years, holding
China Tower Plans Board Meeting for Interim Results
China Tower (00788.HK) plans to hold a board of directors meeting on August 7th to approve its interim performance.
China Tower (00788.HK) announced on July 24 that the board of directors will hold a company board meeting on Wednesday, August 7, 2024 to approve the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024, and consider distributing interim dividends (if any).
CHINA TOWER: Date of Board Meeting
JP Morgan: Latest Ratings and Target Prices for the Telecommunication Sector (Table)-China Mobile (00941) is the top choice.
Morgan Stanley expects that the revenue of Chinese telecommunication sector in the second quarter will be weak, but their profits will remain stable, while the revenue and profits of ZTE (00763) and China Tower (00788) may remain stable.
JPMorgan: Expects Mainland Telecom Stocks to Have Weak Revenue but Stable Profits in Q2, China Mobile is the Preferred Choice.
Morgan Stanley released a report on July 17th, stating that the revenue of mainland telecommunication stocks in the second quarter is weak but the profit is stable, while ZTE and China Tower's revenue and profit may remain stable. The bank upgraded ZTE's H shares rating from 'shareholding' to 'neutral', believing that the company's performance in government, enterprise, and consumer businesses may exceed expectations, offsetting the weakness of the domestic base station business, thus promoting stable growth in revenue and profit in the second quarter. As for China Tower, the bank expects its performance in the second quarter to remain stable. The management has little guidance on financial arrangements after 2026, and the bank maintains its 'neutral' rating on it. The bank believes that due to the emergence of new digital businesses
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