On June 26, China Tower fell 3.37% in regular trading, trading at HK$8.81/share, with turnover of HK$74.24 million. The stock hit a 52-week low during the session.
On the news front, the FTSE China 50 Index recently completed its constituent adjustment, removing China Tower from the index and replacing it with stocks such as YOFC. Index rebalancing typically takes effect around month-end, requiring passive funds tracking the index to collectively sell removed constituents, creating concentrated short-term selling pressure. Additionally, in early June, BlackRock reduced its holdings by approximately 4.5 million shares at around HK$9.99 per share, lowering its stake to 6.99%, signaling continued position reduction by foreign institutional investors.
From a fundamental perspective, China Tower reported full-year revenue of RMB 100.4 billion for fiscal year ending December 2025, up 2.7% year-over-year, with net profit attributable to shareholders rising 8.4% to RMB 11.63 billion. Among its segments, the smart connectivity business grew 14.2% while core tower services declined 0.3%. Jefferies maintained a Buy rating in March with a target price of HK$13.19.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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