CICC maintained its Outperform rating for CHINA TOWER due to the company's revenue and profit growth in the first quarter of 2026, which met expectations. The revenue increased by 1.5% year-on-year to RMB25.146 billion, and net profit rose by 31.8% year-on-year to RMB3.985 billion. The broker also kept its earnings forecasts for 2026-27 unchanged and set a target price of HKD14.
