Goldman Sachs maintains a "neutral" rating on China Tower (00788.HK) and lowers its target price to 12.5 Hong Kong dollars.

Wisdom Financial APP learned that Goldman Sachs released a research report stating that the first quarter performance of China Tower (00788.HK) met previous guidance, with revenue and net profit increasing by 3.3% and 8.6% respectively compared to the same period last year. In response to the first quarter performance, Goldman Sachs lowered its revenue forecasts for China Tower for the years 2025 to 2027 by 0.8%, 1.4%, and 1.4%, and lowered its net profit forecasts by 3.7%, 4.1%, 4.3%. The target price was lowered from 13 Hong Kong dollars to 12.5 Hong Kong dollars, with a "Neutral" rating.