Elevator Pitch
I upgrade my rating on Hong Kong-listed Chinese telecommunications tower infrastructure service provider China Tower Corporation Limited (CTOWY) [788:HK] from "Bearish" to "Neutral", as China Tower is a key beneficiary of accelerated 5G roll-out in Mainland China, as the Chinese government uses infrastructure construction as a policy tool to boost the Chinese economy. Furthermore, China Tower's Restricted Share Incentive Scheme could act as a catalyst for the company's revenue growth in FY2020.
But there are still concerns relating to a lower number of tenants in the short term as a result