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The latest announcement is out from China Tower ( (HK:0788) ).
China Tower Corporation Limited announced a change in accounting estimates for its DAS Assets, extending their estimated useful lives from 7 to 10 years, effective from July 1, 2025. This adjustment, driven by improvements in technical standards and asset management, is expected to reduce depreciation expenses by approximately RMB870 million for 2025, enhancing the accuracy of financial reporting and aligning with IFRS standards.
The most recent analyst rating on (HK:0788) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on China Tower stock, see the HK:0788 Stock Forecast page.
More about China Tower
China Tower Corporation Limited is a joint stock company incorporated in the People’s Republic of China, primarily operating in the telecommunications industry. The company provides infrastructure services, focusing on communications signal coverage inside buildings and tunnels, catering to the needs of telecommunications service providers.
Average Trading Volume: 21,509,091
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$189.3B
For a thorough assessment of 0788 stock, go to TipRanks’ Stock Analysis page.