China Tower Dividends and Buybacks
Dividend criteria checks 3/6
China Tower is a dividend paying company with a current yield of 5.77% that is well covered by earnings.
Key information
5.8%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 9.9% |
| Dividend Growth | 23.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 64% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 30
788: AI Infrastructure Progress And Dividend Policy Will Balance Tax Headwinds
Analysts have cut their fair value estimate for China Tower from about HK$11.46 to around HK$8.77, citing a lower future P/E assumption of roughly 10x versus 13x and concerns that slower AI token ramp-up, softer 5G base station deployment, and higher value-added tax rates could weigh on the outlook. What’s in the News for China Tower China Tower joined the GSMA as a new member at MWC Shanghai, bringing what GSMA describes as the world’s largest telecommunications tower company into its global ecosystem.Narrative Update • Jun 16
788: Higher Margins And Dividend Policy Will Support Bullish Outlook
Analysts have trimmed their fair value estimate for China Tower from about HK$12.11 to around HK$11.46, reflecting updated assumptions for slower revenue growth, higher profit margins, and a lower future P/E multiple. What’s in the News for China Tower China Tower has called a special and extraordinary shareholders meeting for June 16, 2026, in Beijing to consider appointing Yin Wenkai as an executive director, authorizing a director to sign his service contract, setting his remuneration, and addressing other related matters.
Narrative Update • Jun 02
788: Dividend Outlook And Lower Discount Rate Will Support Future Upside Potential
Analysts have trimmed their HK$ 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...
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.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 788 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 788's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| China Tower Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (788) | 5.8% |
| Market Bottom 25% (HK) | 3.0% |
| Market Top 25% (HK) | 7.4% |
| Industry Average (Telecom) | 6.9% |
| Analyst forecast (788) (up to 3 years) | 9.9% |
Notable Dividend: 788's dividend (5.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.95%).
High Dividend: 788's dividend (5.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.6%), 788's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.2%), 788's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/10 03:43 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Chris Lane | Bernstein |
| Wai Kit Chu | BofA Global Research |
| Shuyun Che | China International Capital Corporation Limited |