China Tower stock heads toward October 20 results

Published on 10/08/2026 at 07:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Tower stock was trading at HKD 9.06 on October 8, 2026, as the company prepares its nine-month results. First-half revenue fell 1.8 percent while profit rose 30.1 percent.

China Tower, CNE100006V65, Illustration mit AI erstellt.

China Tower (ISIN CNE100006V65) stock was trading at HKD 9.06 on HKEX at 1:00 p.m. HKT on October 8, 2026, up 1.00 percent from HKD 8.97. The company is preparing to approve its nine-month financial results at a board meeting on October 20, 2026, according to Futu.

October 20 sets the next checkpoint

The meeting will review unaudited results for the nine months ended September 30, 2026. The date gives investors a clear test of whether China Tower's non-tower businesses can offset pressure in its core tower operations.

China Tower's first-half revenue fell 1.8 percent year over year to CNY 48.693 billion, while EBITDA declined 11.6 percent to CNY 30.252 billion, according to BTW Media on September 26, 2026.

Profit rose as depreciation fell

The earnings mix was more favorable than the revenue trend. Attributable profit increased 30.1 percent to CNY 7.489 billion, while depreciation and amortization fell 25.2 percent to CNY 19.141 billion in the first half of 2026.

The operating picture was weaker. Operating cash flow fell 75.1 percent to CNY 7.135 billion, and free cash flow was negative CNY 4.515 billion, according to BTW Media. That divergence makes the October results important for assessing cash conversion rather than profit growth alone.

UBS lowers its target to HKD 10

UBS lowered its China Tower price target from HKD 11.6 to HKD 10 on October 8, 2026, while maintaining a Neutral rating, as reported by GMT EIGHT. The bank reduced its 2026 to 2028 net profit and earnings-per-share forecasts by 10 percent to 14 percent, citing network optimization by telecom operators.

At HKD 9.06, the UBS target of HKD 10 lies 10.4 percent above the trading price. The target is also below China Tower's 52-week high of HKD 12.85, while the current price is above the 52-week low of HKD 8.65.

China Tower stock stays below its yearly high

China Tower stock had a market capitalization of HKD 158.5 billion as of October 8, 2026, with volume of 10,283,321 shares. The share price remains 29.5 percent below the 52-week high, leaving the October 20 results as the next concrete test of revenue quality and cash generation.