Market Movers

JD.com (9618)

102.20 HKD -10.00 (-8.91%) Volume: 63.44M

JD.com’s stock price stands at 102.20 HKD, experiencing a significant drop of -8.91% in the current trading session with a trading volume of 63.44M. The e-commerce giant’s year-to-date performance also shows a decrease of -10.49%, reflecting the volatility in the stock market.

Latest developments on JD.com

JD.com stock experienced a significant drop today following news of Walmart’s $3.6 billion sale of its stake in the company, ending a relationship that began in 2016. Analysts, however, remain bullish on the retail giant after its strong Q2 results. Walmart’s decision to sell its stake in JD.com is part of its strategy to focus on its own China operations, leading to a slump in JD.com shares. This move by Walmart has had a ripple effect on the China tech sector, with JD.com leading losses in the market. Despite the drop in stock price, JD.com recently completed a $3 billion share buyback program, underscoring its financial strength and commitment to shareholders.

JD.com on Smartkarma

Analysts on Smartkarma have been closely monitoring the coverage of JD.com, with varying sentiments on the company’s performance. Brian Freitas, in his report “JD.com (9618 HK): Index Implications of Walmart Placement,” highlighted Walmart’s plan to sell its stake in JD.com, causing a drop in the ADR and HK-line. Passive index trackers are expected to buy a significant portion of the placement shares, affecting the market dynamics in the near future. On the other hand, Baptista Research’s report “JD.com Inc.: How Are They Strengthening the Platform Ecosystem & Continuing Their Market Dominance? – Major Drivers,” emphasized JD.com’s strong first-quarter results for 2024, showcasing robust profit and revenue growth driven by improved user experience and platform ecosystems.

Additionally, Steve Zhou, CFA, in his report “JD.com (9618 HK): 1Q24 Results On Track,” noted that JD.com announced in-line results for the first quarter of 2024, with sales growth at 7% year-over-year. Despite a slight decline in operating profit margin for the core JD retail business, the company saw a significant reduction in losses in the logistics business, leading to a 17% year-over-year growth in non-GAAP net profit for the quarter. These reports provide investors with valuable insights into the current state and potential future performance of JD.com in the market.

A look at JD.com Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

JD.com, Inc. is looking at a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the company is showing strong potential for future expansion and sustainability. The company’s ability to adapt to market changes and maintain a strong growth trajectory bodes well for its future performance.

Although JD.com scores lower in Value, the overall outlook remains optimistic with solid scores in Dividend and Growth. As an online direct sales company in China, JD.com offers a wide range of products to both consumers and vendors, positioning itself as a key player in the e-commerce market. With a focus on innovation and customer satisfaction, JD.com is well-positioned for continued success in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Xiaomi (1810)

17.52 HKD -0.16 (-0.90%) Volume: 98.04M

Xiaomi’s stock price currently stands at 17.52 HKD, experiencing a minor drop of 0.90% this trading session with a trading volume of 98.04M, although it maintains a positive year-to-date performance with an increase of 12.31%, showcasing the resilience and growth potential of Xiaomi (1810) in the stock market.

Latest developments on Xiaomi

Xiaomi Corp‘s stock price saw a surge today as the company, along with Geely and Xpeng, reported strong vehicle sales. This positive news comes amidst looming threats from EU tariffs, which have prompted investors to closely monitor the movements of these Chinese tech and automotive giants. Xiaomi’s stock price movements today reflect the market’s reaction to the company’s continued success in the face of external challenges, showcasing its resilience and ability to adapt to changing global economic conditions.

Xiaomi on Smartkarma

Analysts on Smartkarma have been closely monitoring Xiaomi Corp, with multiple research reports providing bullish sentiments on the company’s performance. Ming Lu’s report highlights Xiaomi’s global market share increase to 15% in 2Q24 from 13% in the previous year, with strong growth and high market share. Xiaomi is seen as the only clear gainer in market share among the global top five, with a projected upside of 35% by the end of 2024.

Devi Subhakesan‘s analysis focuses on Xiaomi’s comeback in the Indian smartphone market, reclaiming the top spot after a 6-quarter hiatus due to regulatory challenges. The upcoming festive quarter is deemed crucial for Xiaomi’s sales, with customers anticipating new launches and better bargains. With strong shipments and market dominance in both China and India, Xiaomi Corp is proving to be a key player in the smartphone industry, as highlighted by independent analysts on Smartkarma.

A look at Xiaomi Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Xiaomi Corp has a mixed long-term outlook. While the company scores highly in resilience and momentum, with a score of 5 for both factors, indicating strong performance and stability, its value and dividend scores are lower. With a value score of 3 and a dividend score of 1, investors may need to carefully consider these factors when evaluating Xiaomi Corp‘s long-term potential.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has received a growth score of 3 from Smartkarma Smart Scores. This suggests that the company has moderate growth potential in the long term. With a focus on mobile phones, smart phone software, set-top boxes, and related accessories, Xiaomi markets its products globally. Investors looking at Xiaomi Corp should take into account its growth prospects alongside its other Smart Scores to make informed investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Agricultural Bank of China (1288)

3.52 HKD -0.09 (-2.49%) Volume: 187.26M

Explore Agricultural Bank of China’s stock price, currently standing at 3.52 HKD, experiencing a trading session decrease of -2.49%. Despite this, the stock holds a positive YTD change of +16.94%, with a substantial trading volume of 187.26M, indicating its robust performance in the financial market.

Latest developments on Agricultural Bank of China

Today, the Agricultural Bank of China saw significant movements in its stock price following key events leading up to the company’s board meeting. The bank recently scheduled a crucial Extraordinary General Meeting for 2024, indicating potential strategic decisions on the horizon. Additionally, the nomination of a new executive director could signal shifts in leadership and future direction for the financial institution. These developments are likely contributing to the fluctuations in Agricultural Bank of China’s stock price as investors react to the latest news and anticipate the potential impact on the company’s performance.

Agricultural Bank of China on Smartkarma

Analyst Travis Lundy from Smartkarma recently published a bullish research report on Agricultural Bank Of China. In his report titled “HK Connect SOUTHBOUND Flows (To 28 June 2024); Still a Net Buy, but Less Strong. Financials Dominate,” Lundy highlighted that SOUTHBOUND saw its 4th net sell day since Chinese New Year last week. Despite this, the week ended up positively, marking approximately 20 weeks in a row of positive performance. Banks were a big buy in the SOUTHBOUND market, with Agricultural Bank Of China being a net buyer for HK$9.3bn this week. Lundy mentioned that valuations are acceptable, flows are good, and policy changes may continue to drive inflows into the market.

A look at Agricultural Bank of China Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Agricultural Bank Of China has a positive long-term outlook. The company scores high in areas such as Dividend and Momentum, indicating strong performance in these aspects. With a solid Value and Growth score as well, Agricultural Bank Of China is positioned well for future growth and stability in the market.

However, the company’s Resilience score is lower, suggesting some potential vulnerabilities that may need to be addressed. Overall, Agricultural Bank Of China‘s high scores in Dividend and Momentum showcase its strength in providing returns to investors and maintaining positive market momentum. With a diverse range of commercial banking services, the company is well-positioned to navigate challenges and capitalize on opportunities in the banking industry.

Summary: Agricultural Bank of China Limited provides a full range of commercial banking services. The Banks services includes RMB and foreign currency deposit, loan, international and domestic settlement, bill discount, currency trading, bank guarantee, and treasury bill underwriting.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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CSPC Pharmaceutical Group (1093)

5.70 HKD -0.32 (-5.32%) Volume: 114.25M

CSPC Pharmaceutical Group’s stock price stands at 5.70 HKD, experiencing a drop of -5.32% this trading session with a trading volume of 114.25M. The stock’s Year-To-Date performance reveals a downward trend with a percentage change of -17.36%, indicating a significant impact on the stock market.

Latest developments on CSPC Pharmaceutical Group

CSPC Pharmaceutical Group has been making headlines recently with reports of steady growth and shareholder rewards. The company recently declared an interim dividend of HKD 0.16, showing their commitment to rewarding investors. These positive developments have likely contributed to the movements in CSPC Pharmaceutical Group‘s stock price today, as investors react to the company’s strong performance and commitment to shareholder value.

CSPC Pharmaceutical Group on Smartkarma

Analysts on Smartkarma, like Tina Banerjee, are bullish on CSPC Pharmaceutical Group (1093 HK) as the company reported steady growth in finished drugs in 2023. New products such as Mingfule, Yilouda, and Anfulike have driven sales ramp-up, with plans to launch 50 innovative drugs in the next five years. CSPC Pharmaceutical’s shares are trading at a low P/E of 11.3x, the lowest in the last five years, making them cheaper than peers. Additionally, the company offers an attractive dividend yield of 4%+.

A look at CSPC Pharmaceutical Group Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When looking at the long-term outlook for CSPC Pharmaceutical Group, the company seems to be in a solid position. With a high score in Dividend and Growth, it indicates that the company is performing well in terms of providing returns to its shareholders and showing potential for future expansion. Additionally, with above average scores in Resilience and Momentum, CSPC Pharmaceutical Group demonstrates stability and a positive trend in its market performance.

CSPC Pharmaceutical Group Limited, a company known for manufacturing and selling pharmaceutical products such as vitamin C, antibiotics, and common generic drugs, seems to have a promising future ahead. With a focus on developing innovative drugs and antibiotics, the company is staying competitive in the industry. Overall, the Smartkarma Smart Scores reflect a positive outlook for CSPC Pharmaceutical Group, suggesting that it is a company worth keeping an eye on for potential investment opportunities.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Kuaishou Technology (1024)

40.05 HKD -4.35 (-9.80%) Volume: 91.55M

Kuaishou Technology’s stock price is currently standing at 40.05 HKD, experiencing a significant drop of -9.80% in this trading session with a high trading volume of 91.55M, underlining a bearish trend with a year-to-date percentage change of -24.55%.

Latest developments on Kuaishou Technology

Kuaishou Technology shares experienced a drop today due to slower e-commerce growth in the second quarter, despite reporting a remarkable 167% surge in profit. The company announced its Q2 2024 unaudited financial results, showing a slowdown in revenue growth. This news comes amidst JD.com dragging down China tech shares following Walmart’s planned exit. Kuaishou Technology, known for its AI and e-commerce initiatives, has adjusted service fee caps in response to market conditions. Despite the stock price movement, the company continues to innovate, with Sora-like Kling generating over 10 million AI videos.

Kuaishou Technology on Smartkarma

Analysts on Smartkarma, like Ming Lu, have been bullish on Kuaishou Technology, with reports indicating significant margin improvements and stock upside potential. In the 2nd quarter of 2024, the company saw a 5 pp improvement in gross margin and a 7 pp improvement in operating margin year over year. Revenue also grew by 12%, with the main business up by 22%. Ming Lu set a stock upside of about 100% and recommended a buy.

Another analyst, Ying Pan, reiterated a buy rating on Kuaishou Technology, raising the target price to HK$83 thanks to the out-performance in the off-season, driven by Generative AI. The company’s strong revenue and income performance, fueled by GAI, led to the target price increase. Analysts believe in the company’s growth potential and its ability to deliver strong financial results, prompting a positive sentiment towards investing in Kuaishou Technology.

A look at Kuaishou Technology Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Kuaishou Technology has a positive long-term outlook. With high scores in Growth and Resilience, the company is positioned for strong expansion and has demonstrated the ability to withstand market challenges. Additionally, a solid Momentum score indicates that Kuaishou Technology is gaining traction in the industry. However, lower scores in Value and Dividend suggest that investors may need to carefully consider the company’s financial health and potential returns.

Kuaishou Technology, operating as a content community and social platform, focuses on providing users with a platform to create, upload, and watch short videos on mobile devices. With a global reach, the company offers its services to users worldwide. Despite mixed scores in different areas, Kuaishou Technology‘s overall outlook remains promising, especially in terms of growth potential and resilience in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank of China (3988)

3.53 HKD -0.05 (-1.40%) Volume: 133.91M

Bank of China’s stock price is currently at 3.53 HKD, experiencing a decrease of -1.40% in this trading session with a high trading volume of 133.91M, while showcasing a positive year-to-date (YTD) performance with an increase of +18.12%, highlighting the bank’s strong market presence.

Latest developments on Bank of China

Bank of China Ltd (H) stock price experienced fluctuations today after news broke that PwC, one of its major clients, lost the bank amid a regulatory probe. This development comes shortly after the Postal Savings Bank of China scheduled a board meeting, indicating potential changes in the Chinese banking sector. Investors are closely monitoring these events as they could have a significant impact on the stock price of Bank of China Ltd (H) in the coming days.

A look at Bank of China Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Bank Of China Ltd (H) has received strong scores in several key areas according to Smartkarma Smart Scores. With a high score in Dividend and Momentum, the company appears to be well-positioned for the long-term. Additionally, its Value and Growth scores indicate positive prospects for investors. However, the lower score in Resilience may raise some concerns about the company’s ability to weather potential challenges.

Despite a slightly lower score in Resilience, Bank Of China Ltd (H) demonstrates solid potential for growth and profitability, as reflected in its overall Smartkarma Smart Scores. The company’s diverse range of financial services and strong performance in Dividend and Momentum suggest a positive outlook for the future. Investors may find Bank Of China Ltd (H) to be a promising investment opportunity based on these scores.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Sino Biopharmaceutical (1177)

3.20 HKD -0.06 (-1.84%) Volume: 57.74M

Sino Biopharmaceutical’s stock price stands at 3.20 HKD, experiencing a drop of -1.84% this trading session with a trading volume of 57.74M. Despite a year-to-date percentage change of -6.92%, the company continues to be a significant player in the pharmaceutical industry.

Latest developments on Sino Biopharmaceutical

Today, Sino Biopharmaceutical‘s stock price saw movements following news of Haitong International raising their target price for the company to $5.65. This comes after the launch and marketing of innovative products by Sino Biopharmaceutical, a key player in the Hong Kong Viable Stocks market. Investors are closely watching these developments as they anticipate the impact on the company’s performance and stock value.

Sino Biopharmaceutical on Smartkarma

Analysts on Smartkarma have differing views on Sino Biopharmaceutical. Xinyao (Criss) Wang‘s report titled “Sino Biopharmaceutical (1177.HK) 24H1 – The Concerns Behind the Performance Turnaround” leans towards a bullish sentiment. The report points out that while the company has seen a turnaround in its performance in the first half of 2024, there are concerns about its ability to achieve a revenue target of HK$100 billion by 2030 due to a lack of competitiveness in its pipeline and deficiencies in corporate governance.

On the other hand, Xinyao (Criss) Wang‘s report “China Healthcare Weekly (Apr.6) – Boom of TCM Injections Is Coming, Defects in GLP-1s, Sino Biopharm” takes a bearish stance. The report highlights that the market is hesitant to offer Sino Biopharm a high valuation due to deficiencies in corporate governance. It also mentions concerns about the flaws in GLP-1s and the potential impact on patients. Despite these challenges, the report expects Sino Biopharm to achieve single-digit revenue growth in 2024.

A look at Sino Biopharmaceutical Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Sino Biopharmaceutical shows promising long-term potential. With high scores in Resilience and Momentum, the company demonstrates strong stability and growth prospects. This indicates that Sino Biopharmaceutical is well-positioned to weather economic uncertainties and capitalize on market opportunities in the biopharmaceutical sector.

Sino Biopharmaceutical Limited, known for its research, development, and production of biopharmaceutical products, particularly for ophthalmia and hepatitis treatment, has received favorable scores in Growth and Resilience. This suggests that the company is likely to experience steady growth and maintain its competitive edge in the industry. While the Value and Dividend scores are not as high, the overall outlook for Sino Biopharmaceutical appears positive, pointing towards a promising future for the company.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Construction Bank (939)

5.65 HKD -0.05 (-0.88%) Volume: 198.55M

China Construction Bank’s stock price stands at 5.65 HKD, marking a slight decrease of 0.88% this trading session, with a robust trading volume of 198.55M. Despite the minor dip, the bank’s stock has shown a promising YTD increase of 21.51%, indicating a positive investment outlook.

Latest developments on China Construction Bank

China Construction Bank H stock price saw fluctuations today following the signing of a Memorandum of Understanding between Dubai Chambers and the company. The partnership aims to enhance trade and investment cooperation between the two entities, potentially impacting the stock’s performance. This agreement signifies a strategic move by China Construction Bank H to strengthen its global presence and attract more investors. As news of the collaboration spreads, investors are closely monitoring the developments, leading to shifts in the stock price throughout the day.

China Construction Bank on Smartkarma

Analysts on Smartkarma are divided in their coverage of China Construction Bank H. Travis Lundy, who has a bullish outlook on the company, highlights the positive net flows in Southbound trading, with a focus on State-Owned Enterprises (SOEs) in the banking and energy sectors. Lundy notes potential national team buying of banks and energy stocks ahead of policy changes, while also mentioning acceptable valuations and good flows that could continue to drive inflows.

On the other hand, Daniel Tabbush takes a bearish stance on China Construction Bank H, expressing concerns about the bank’s weak credit metrics despite its plans to list its housing rental subsidiary. Tabbush points out a significant increase in non-performing loans (NPLs) compared to total NPLs, indicating potential challenges for the bank’s credit costs in the future. The analyst suggests that any benefits from the subsidiary listing may be overshadowed by these underlying credit issues.

A look at China Construction Bank Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Construction Bank H has received high scores in several key areas according to Smartkarma Smart Scores. With a strong score in Dividend and Momentum, the company is showing positive signs for long-term growth and stability. This indicates that the bank is performing well in terms of dividend payouts to shareholders and has strong momentum in the market.

Additionally, with solid scores in Value and Growth, China Construction Bank H is positioned well for future success. While the Resilience score is slightly lower, the overall outlook for the company remains positive. As a leading provider of commercial banking products and services, China Construction Bank H continues to play a significant role in the financial sector with its diverse range of offerings.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Telecom (728)

4.65 HKD +0.08 (+1.75%) Volume: 62.08M

China Telecom’s stock price surges to 4.65 HKD, marking a positive shift of +1.75% in the recent trading session, driven by a robust trading volume of 62.08M. The stock continues its upward trajectory with a significant YTD percentage change of +24.33%, showcasing its strong market performance.

Latest developments on China Telecom

China Telecom (H) stock price saw a positive movement today after Citi and HSBC Global Research both raised their target prices for the company. Citi increased their target price to $5.1, citing better than expected 2Q service revenue, while HSBC Global Research raised their target price to $5.2, noting that the mobile sector performed better than anticipated. These upward revisions in target prices reflect growing confidence in China Telecom’s performance and potential for future growth.

China Telecom on Smartkarma

Analyst coverage on China Telecom (H) on Smartkarma by Travis Lundy leans bullish. In the report titled “HK Connect SOUTHBOUND Flows (To 1 Mar 2024); Continued Big Buys of SOEs (Getting Boring to Say This)”, Lundy highlights the positive SOUTHBOUND flows and the ongoing buying of state-owned enterprises (SOEs). The report mentions that high-dividend SOEs in the oil and telecom sectors are expected to see net flows in the coming weeks. Despite fluctuations in stock indices, the report indicates a trend of net buying of SOEs, with a focus on high-dividend targets such as China Telecom (H).

A look at China Telecom Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Telecom (H) is poised for a strong long-term outlook, according to Smartkarma Smart Scores. With top scores in Value, Dividend, Growth, and Momentum, the company is showing robust performance across key factors. This indicates a positive outlook for investors looking at China Telecom (H) as a potential opportunity for growth and stability in the telecommunications sector.

Despite a slightly lower score in Resilience, China Telecom (H) still maintains a solid overall rating based on the Smartkarma Smart Scores. As a leading provider of wireline telephone, data, Internet, and leased line services in China, the company’s strong performance in key areas positions it well for long-term success in the market.

Summary: China Telecom Corporation Limited, through its subsidiaries, provides wireline telephone, data, and Internet, as well as leased line services in China.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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