China Tower Corporation Limited

SEHK:788 Stock Report

Market Cap: HK$168.9b

China Tower Future Growth

Future criteria checks 1/6

China Tower is forecast to grow earnings and revenue by 11.5% and 2.5% per annum respectively. EPS is expected to grow by 11% per annum. Return on equity is forecast to be 8.3% in 3 years.

Key information

11.5%

Earnings growth rate

11.00%

EPS growth rate

Telecom earnings growth8.2%
Revenue growth rate2.5%
Future return on equity8.31%
Analyst coverage

Good

Last updated16 May 2026

Recent future growth updates

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.

Earnings and Revenue Growth Forecasts

SEHK:788 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028106,19416,93723,90169,9097
12/31/2027105,57916,47023,56471,5509
12/31/2026102,68015,40023,68661,0648
3/31/2026100,78612,59014,50242,554N/A
12/31/2025100,41111,63025,59756,116N/A
9/30/202599,63911,285N/AN/AN/A
6/30/202599,12611,15614,53645,317N/A
3/31/202598,56910,96912,69145,534N/A
12/31/202497,77210,72919,67949,468N/A
9/30/202496,31010,556N/AN/AN/A
6/30/202495,79510,23921,69154,115N/A
3/31/202494,78410,02812,05744,189N/A
12/31/202394,0099,750-63832,840N/A
9/30/202393,6389,7359,76042,151N/A
6/30/202393,1529,40413,10145,383N/A
3/31/202392,7369,11427,91157,687N/A
12/31/202292,1708,78736,47265,134N/A
9/30/202290,6798,47237,99965,326N/A
6/30/202289,3918,09641,81967,571N/A
3/31/202288,0677,81532,38461,877N/A
12/31/202186,5857,32927,82860,503N/A
9/30/202185,4677,12022,44060,132N/A
6/30/202183,9786,90712,23354,703N/A
3/31/202182,5596,66916,03857,444N/A
12/31/202081,0996,42819,55057,548N/A
9/30/202079,6075,91324,15257,049N/A
6/30/202078,2425,65227,46956,220N/A
3/31/202077,2215,39024,78351,822N/A
12/31/201976,4285,222N/A49,935N/A
9/30/201975,2184,562N/A43,336N/A
6/30/201974,4643,988N/A49,165N/A
3/31/201973,4723,554N/A50,441N/A
12/31/201871,8192,650N/A45,540N/A
9/30/201871,7562,223N/AN/AN/A
6/30/201870,7282,033N/A33,162N/A
3/31/201869,4601,839N/A32,020N/A
12/31/201768,6651,943N/A34,935N/A
12/31/201655,99776N/A27,594N/A
12/31/20158,802-3,595N/A-6,873N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 788's forecast earnings growth (11.5% per year) is above the savings rate (3%).

Earnings vs Market: 788's earnings (11.5% per year) are forecast to grow slower than the Hong Kong market (12.6% per year).

High Growth Earnings: 788's earnings are forecast to grow, but not significantly.

Revenue vs Market: 788's revenue (2.5% per year) is forecast to grow slower than the Hong Kong market (8.7% per year).

High Growth Revenue: 788's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 788's Return on Equity is forecast to be low in 3 years time (8.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 16:59
End of Day Share Price 2026/06/11 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