- Massive capacity and large user base help China Tower form a strong moat.
- Its poor stock performance might be due to the unsatisfactory growth within the core segments throughout 2020.
- This, in turn, is a result of the low pricing power of China Tower's 5G-related businesses.
- Improving the tower tenancy ratio and refining the business structure may help the company change the status quo.
- We remain neutral on China Tower, but got our finger on the pulse, expecting a possible turnaround.
For further details see:
Don't Pigeonhole China Tower, An Essential 5G Stock To Follow