- Revenue growth for China Tower's core tower leasing business has been disappointing, as a result of lower-than-expected 5G capital expenditures.
- It is encouraging that China Tower's non-tower businesses are growing rapidly, but the company's core tower leasing business still represents the majority of its top line and bottom line.
- The market values China Tower at consensus forward FY 2021 EV/EBITDA and P/E multiples of 3.6 times and 19.6 times, respectively, and it boasts a 3.4% FY 2021 dividend yield.
For further details see:
China Tower: Slow Growth For Core Business