The Zhitong Finance App learned that UBS released a research report stating that the target price for China Tower (00788.HK) was lowered by 14% from HK$11.6 to HK$10, maintaining a “neutral” rating. The bank lowered its 2026-2028 net profit and earnings per share forecast by 10-14%, mainly due to the decline in tower revenue due to telecom operators optimizing mobile networks. According to the bank's new profit forecast and 77% dividend ratio, China Tower currently expects a dividend rate of 6% in 2026, which should support its valuation.

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