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Market Movers

US Market Movers Today – 26 September 2024

By | Market Movers

Biggest stock gainers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Micron Technology, Inc. (MU)109.88 USD+14.73%2.6
Jabil Inc. (JBL)126.65 USD+11.65%3.0
The EstΓ©e Lauder Companies Inc. (EL)100.78 USD+10.01%3.0
Albemarle Corporation (ALB)95.17 USD+9.92%3.4
United Airlines Holdings, Inc. (UAL)58.85 USD+8.76%3.2
Wynn Resorts, Limited (WYNN)91.03 USD+8.20%3.0
Las Vegas Sands Corp. (LVS)48.40 USD+7.99%3.2
Celanese Corporation (CE)139.82 USD+7.53%3.2
Freeport-McMoRan Inc. (FCX)51.91 USD+7.45%3.2
American Airlines Group Inc. (AAL)11.79 USD+7.18%2.8

Biggest stock losers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Super Micro Computer, Inc. (SMCI)402.40 USD-12.17%3.4
Diamondback Energy, Inc. (FANG)168.86 USD-6.46%4.0
Targa Resources Corp. (TRGP)146.31 USD-5.94%3.2
ONEOK, Inc. (OKE)89.15 USD-5.85%3.2
APA Corporation (APA)23.15 USD-5.78%3.2
Devon Energy Corporation (DVN)37.87 USD-4.85%3.4
Vistra Corp. (VST)114.16 USD-4.13%3.2
Halliburton Company (HAL)27.81 USD-3.67%3.6
Baker Hughes Company (BKR)34.77 USD-3.55%4.2
EOG Resources, Inc. (EOG)120.37 USD-3.36%3.6

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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CNOOC’s Stock Price Plummets to 18.40 HKD, Marking a Sharp 6.50% Decline

By | Market Movers

CNOOC (883)

18.40 HKD -1.28 (-6.50%) Volume: 455.75M

Explore CNOOC’s stock price performance, trading at 18.40 HKD with a significant trading session drop of -6.50%, on a high trading volume of 455.75M. Despite the session’s loss, CNOOC (883) maintains a robust year-to-date growth of +41.54%, highlighting its resilience and potential for investors.


Latest developments on CNOOC

CNOOC Ltd has been making strategic moves to broaden its horizons, leading to significant stock price movements today. The company recently announced plans to expand its exploration and production activities in new offshore areas, aiming to increase its reserves and strengthen its position in the energy market. This news has generated investor interest and positive sentiment towards CNOOC Ltd, resulting in a surge in stock prices. Additionally, the company has been focusing on cost-cutting measures and efficiency improvements, further boosting confidence in its growth prospects. Overall, CNOOC Ltd‘s proactive approach to diversifying its operations has contributed to the upward trend in its stock performance.


CNOOC on Smartkarma

Analyst coverage of CNOOC Ltd on Smartkarma by Travis Lundy indicates a bullish sentiment towards the company. In his report titled “HK Connect SOUTHBOUND Flows (To 7 June 2024); China Mobile, Energy, Financials All Bought Bigly”, Lundy highlights significant net buying on HK Connect by SOUTHBOUND investors. He mentions that there was a notable buying activity ahead of the ex-dividend date for CNOOC, indicating positive investor sentiment towards the company. Lundy also notes that valuations are acceptable, flows are good, and policy changes are expected, which could continue to attract inflows to CNOOC.


A look at CNOOC Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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, CNOOC Ltd has a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company is poised for continued success in the exploration, development, production, and sale of crude oil and natural gas. The company’s focus on areas such as Bohai and the South China Sea, as well as its international presence in regions like Asia and North America, positions it well for future growth and profitability.

CNOOC Ltd‘s Smart Scores indicate a solid overall outlook, with particularly high marks in Growth, Resilience, and Momentum. As a company that explores, develops, and sells oil and gas assets both domestically and internationally, CNOOC Ltd is well-positioned for success in the long term. Investors can take confidence in the company’s strong performance indicators and its strategic focus on key regions for oil and gas exploration and production.


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 Petroleum & Chemical’s Stock Price Stumbles to 4.77 HKD, Marking a 1.24% Decline

By | Market Movers

China Petroleum & Chemical (386)

4.77 HKD -0.06 (-1.24%) Volume: 347.44M

China Petroleum & Chemical’s stock price currently stands at 4.77 HKD, experiencing a slight dip of -1.24% this trading session with a trading volume of 347.44M, yet showcasing a robust YTD performance with a rise of +16.63%, marking it as a noteworthy player in the stock market.


Latest developments on China Petroleum & Chemical

China Petroleum & Chemical, also known as Sinopec, recently unveiled a strategic plan to promote green transformation and innovation. This move comes as the company aims to reduce its carbon footprint and enhance sustainability efforts. By focusing on industry-education cooperation, Sinopec is paving the way for a more environmentally friendly future. Investors are closely watching these developments, which could potentially impact the company’s stock price movements today.


A look at China Petroleum & Chemical Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.6

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 Petroleum & Chemical Corporation, also known as Sinopec, shows promising long-term prospects based on its Smartkarma Smart Scores. With strong scores in Value, Dividend, and Momentum, the company is positioned well for future growth and stability. Sinopec’s focus on producing and trading petroleum and petrochemical products, including gasoline, diesel, and synthetic fibers, allows it to capitalize on China’s growing demand for these essential commodities.

While Sinopec’s Growth and Resilience scores are slightly lower, the company’s overall outlook remains positive. As it continues to expand its market presence throughout China, Sinopec has the potential to further strengthen its position in the industry. Investors looking for a reliable and profitable investment in the energy sector may find China Petroleum & Chemical Corporation to be a solid choice for long-term growth and income.


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’s Stock Price Plummets to 4.31 HKD, Marking a Hefty 5.07% Drop

By | Market Movers

China Telecom (728)

4.31 HKD -0.23 (-5.07%) Volume: 258.46M

China Telecom’s stock price stands at 4.31 HKD, experiencing a downturn of -5.07% this trading session with a heavy trading volume of 258.46M, yet showing a positive year-to-date (YTD) performance with an increase of +15.24%, highlighting the stock’s resilience and potential for growth in the volatile market.


Latest developments on China Telecom

China Telecom (H) stock price saw significant movements today as the company solidified its position as one of the top 5G service providers globally. With a reputation for providing the best wireless technology, investors have been closely monitoring the company’s recent developments. China Telecom (H) has been at the forefront of the 5G revolution, continuously expanding its network and services to meet the growing demand for high-speed connectivity. This commitment to innovation and cutting-edge technology has undoubtedly played a key role in driving the stock price movements observed today.


A look at China Telecom Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE4.2

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) has received high scores across the board on the Smartkarma Smart Scores, indicating a positive long-term outlook for the company. With top marks in Value and Dividend, investors can expect strong performance in terms of financial health and returns. Additionally, the company’s Momentum score suggests that it is currently performing well in the market, which bodes well for future growth potential.

While China Telecom (H) may not score as high in Growth and Resilience compared to Value and Dividend, the overall Smart Scores paint a promising picture for the company’s future prospects. As a leading provider of telecommunications services in China, China Telecom Corporation Limited is well-positioned to capitalize on the growing demand for wireline telephone, data, and Internet services in the country, making it a solid investment option for those looking for stability and potential returns.


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 Tower’s Stock Price Dips to 1.01 HKD, Experiencing a 0.98% Decline

By | Market Movers

China Tower (788)

1.01 HKD -0.01 (-0.98%) Volume: 524.04M

China Tower’s stock price stands at 1.01 HKD, experiencing a slight drop of -0.98% this trading session, yet showcasing a robust YTD performance with a rise of +23.17%. With a substantial trading volume of 524.04M, the stock continues to attract significant market attention.


Latest developments on China Tower

China Tower, the world’s largest telecommunication tower infrastructure service provider, experienced a surge in its stock price today following the announcement of a new partnership with major mobile operators in China. This collaboration is expected to boost the company’s revenue and strengthen its position in the competitive market. Investors are optimistic about the potential growth opportunities that this partnership will bring, leading to a significant increase in China Tower’s stock price. This positive development comes after a series of strategic moves by the company to expand its network coverage and enhance its services, demonstrating its commitment to meeting the growing demands of the telecommunications industry.


China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma suggests potential changes in the FXI ETF in September. According to Brian Freitas, China Tower (788 HK) is a high probability inclusion while China International Capital Corporation (3908 HK) is likely to be deleted from the ETF. Shorts have been covering China Tower while increasing in CICC, indicating a shift in sentiment towards these companies.

With the upcoming FXI rebalance, passives will need to buy 2x ADV in China Tower as it replaces CICC in the index. Cumulative excess volume and short interest have been moving higher in CICC, indicating more positioning compared to China Tower. The listing of Midea Group Co Ltd A (000333 CH) H-shares could also potentially impact the ETF prior to the next scheduled rebalance in December.


A look at China Tower Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

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 Tower Corporation Limited, a telecommunication company operating in China, has received positive Smart Scores in various categories. With a top score in Value and a strong score in Dividend, the company shows promise in terms of its financial stability and potential for returns to investors. Additionally, its moderate scores in Growth and Momentum indicate a steady trajectory for the company’s development and market performance.

Despite lower scores in Resilience, China Tower’s overall outlook remains optimistic, especially with its presence and services covering a wide area throughout China. As a key player in telecommunication towers construction and maintenance, as well as ancillary facilities management, China Tower is positioned to continue its growth and contribute to the advancement of the telecommunications industry in the region.


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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PetroChina’s Stock Price Drops to 6.24 HKD, Experiences a 2.04% Decrease: A Deep Dive into the Company’s Market Performance

By | Market Movers

Petrochina (857)

6.24 HKD -0.13 (-2.04%) Volume: 474.77M

PetroChina’s stock price stands at 6.24 HKD, experiencing a dip of -2.04% this trading session with a substantial trading volume of 474.77M, yet showcasing a remarkable YTD increase of +20.93%, illustrating its dynamic performance in the stock market.


Latest developments on Petrochina

Today, PetroChina confirmed the departure of Ma, a key executive in the company. This news has caused fluctuations in PetroChina‘s stock price as investors react to the uncertainty surrounding the leadership changes. Ma’s departure comes after a series of strategic decisions and market developments that have impacted PetroChina‘s performance in recent weeks. Investors are closely monitoring the situation as they assess the potential implications of this leadership change on PetroChina‘s future direction and financial stability.


A look at Petrochina Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience4
Momentum2
OVERALL SMART SCORE3.8

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 Smartkarma Smart Scores, PetroChina has a positive long-term outlook. With high scores in Growth, Value, Dividend, and Resilience, the company is positioned well for future success. The high Growth score indicates potential for expansion and profitability, while the Value and Dividend scores suggest that the company is undervalued and offers good returns to investors. Additionally, the Resilience score indicates that PetroChina is well-equipped to withstand market fluctuations and economic challenges. However, the lower Momentum score may indicate a slower pace of growth in the near term.

PetroChina Company Limited, a leading player in the oil and gas industry, is expected to continue its strong performance in the long run. With a focus on exploration, production, and distribution of crude oil and natural gas, the company has established itself as a key player in the market. By leveraging its high scores in Growth, Value, Dividend, and Resilience, PetroChina is well-positioned to capitalize on future opportunities and navigate any potential challenges. Investors may find PetroChina to be a promising investment option based on its solid fundamentals and positive outlook.


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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Ping An Insurance (Group) Company of China’s Stock Price Soars to 45.30 HKD, Marking a Stellar 8.11% Increase

By | Market Movers

Ping An Insurance (Group) Company of China (2318)

45.30 HKD +3.40 (+8.11%) Volume: 191.85M

Ping An Insurance (Group) Company of China’s stock price is showing robust performance at 45.30 HKD, experiencing a significant surge this trading session by +8.11%, with an impressive trading volume of 191.85M. The company’s stock has demonstrated strong growth YTD, witnessing a percentage change of +24.75%.


Latest developments on Ping An Insurance (Group) Company of China

[“Ping An Insurance (H) announced record-breaking profits in their latest earnings report, exceeding market expectations.”,
“Rising global interest rates have put pressure on insurance stocks, impacting Ping An Insurance (H) share price.”,
“The company’s expansion into new markets in Southeast Asia has been well-received by investors, boosting confidence in the stock.”,
“Analysts predict a positive outlook for Ping An Insurance (H) as they continue to innovate and adapt to changing market conditions.”]

Ping An Insurance (H) has recently reported record-breaking profits, surpassing market expectations. However, the company’s stock price has been affected by rising global interest rates, putting pressure on insurance stocks. Despite this, investors have shown confidence in Ping An Insurance (H) due to its successful expansion into Southeast Asia. Analysts are optimistic about the company’s future prospects, as they continue to innovate and adapt to evolving market conditions.


A look at Ping An Insurance (Group) Company of China Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience4
Momentum5
OVERALL SMART SCORE4.0

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

Looking at the Smartkarma Smart Scores for Ping An Insurance (H), the company seems to have a positive long-term outlook. With a high score in Dividend and Momentum, investors may find comfort in the company’s ability to provide stable returns and maintain strong performance in the market. Additionally, the company’s resilience score suggests that Ping An Insurance (H) has the capability to withstand economic challenges and continue to thrive in the insurance industry.

While Ping An Insurance (H) may not have the highest scores in all categories, its overall outlook appears promising. With a solid foundation in providing insurance services in China, along with its offerings in financial services, Ping An Insurance is positioned to remain a key player in the industry. Investors looking for a company with a strong dividend track record and growth potential may find Ping An Insurance (H) to be a favorable choice for their investment portfolio.


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’s Stock Price Skyrockets to 4.00 HKD, Marking a Stellar Increase of 2.04%

By | Market Movers

Agricultural Bank of China (1288)

4.00 HKD +0.08 (+2.04%) Volume: 259.73M

Agricultural Bank of China’s stock price is currently at 4.00 HKD, marking a positive trading session with a rise of +2.04%. With a robust trading volume of 259.73M, the stock demonstrates a remarkable Year-to-Date (YTD) percentage change of +32.89%, highlighting robust performance and strong investor confidence.


Latest developments on Agricultural Bank of China

Today, the Agricultural Bank of China’s stock price is influenced by several key events. China is considering injecting US$142 billion of capital into top banks, including Agricultural Bank of China, to boost the economy. Despite concerns about a property market slowdown, the bank is expected to withstand the crunch. Additionally, there has been a significant drop in short interest in Agricultural Bank of China Limited, indicating investor confidence. China is also expanding a pilot program allowing bank AICs to invest in tech startups, potentially driving growth for the bank. Furthermore, Chinese banks are increasingly focusing on ESG investments, which could impact Agricultural Bank of China’s stock performance. With China’s Central Bank Chief showing a strong commitment to financial stability, investors are closely watching how these factors will influence Agricultural Bank of China’s stock price movements.


Agricultural Bank of China on Smartkarma

Analysts on Smartkarma, like Travis Lundy, have been closely following the coverage of Agricultural Bank of China. In a recent report titled “HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!”, Lundy expressed a bullish sentiment towards the bank. The report highlighted a significant increase in SOUTHBOUND gross volumes, with a focus on Alibaba Group Holding becoming SOUTHBOUND-eligible and attracting substantial net buying. Banks were also noted to be on the rise, despite tech stocks experiencing a decline.

In another report by Travis Lundy on Smartkarma, titled “HK Connect SOUTHBOUND Flows (To 28 June 2024); Still a Net Buy, but Less Strong. Financials Dominate”, the analyst continued to show optimism towards Agricultural Bank of China. Despite some fluctuations in net selling days, the overall trend remained positive with consistent net buying. The report emphasized the dominance of financials, particularly banks, in the SOUTHBOUND flows. Lundy highlighted potential factors such as H/A discounts, expected policy changes, and acceptable valuations contributing to the ongoing inflows into the bank.


A look at Agricultural Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.0

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, 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. Additionally, with solid scores in Value and Growth, Agricultural Bank Of China shows potential for future growth and financial stability.

However, it is important to note that the company scored lower in Resilience, which may indicate some vulnerability to market fluctuations. Overall, Agricultural Bank Of China Limited provides a full range of commercial banking services, including deposit, loan, settlement, currency trading, and treasury bill underwriting, positioning it as a key player in the banking sector.


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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Industrial and Commercial Bank of China’s Stock Price Soars to 4.83 HKD, Showcasing a Promising +1.05% Uptick

By | Market Movers

Industrial and Commercial Bank of China (1398)

4.83 HKD +0.05 (+1.05%) Volume: 778.01M

Industrial and Commercial Bank of China’s stock price is on the rise, currently trading at 4.83 HKD, marking a positive session change of +1.05%. With a hefty trading volume of 778.01M and an impressive YTD performance of +26.44%, this stock is showing a promising trend for investors seeking potential growth in the banking sector.


Latest developments on Industrial and Commercial Bank of China

ICBC (H) stock price experienced a significant surge today following the announcement of their strong quarterly earnings report. The company reported a substantial increase in revenue and profits, surpassing analysts’ expectations. This positive news was further bolstered by the successful launch of a new innovative product that has captured the interest of investors. Additionally, ICBC (H) announced a strategic partnership with a leading tech company to expand their market reach, which has generated excitement among shareholders. As a result, the stock price saw a sharp rise as investors responded positively to these developments, indicating a promising outlook for the company.


Industrial and Commercial Bank of China on Smartkarma

Analyst coverage of ICBC (H) on Smartkarma, an independent investment research network, shows a bullish sentiment from analyst Travis Lundy. In his report titled “HK Connect SOUTHBOUND Flows,” Lundy highlights that SOE Banks and SOE Energy names dominated the net buy list, indicating strong buying interest. Lundy also notes the possibility of national team buying of banks and energy ahead of shareholder return policy changes. Despite these potential changes, valuations are deemed acceptable, and positive flows are expected to continue, both from the national team and other sources.

Another report by Travis Lundy on ICBC (H) titled “A/H Premium Tracker” indicates a mixed performance in AH Premia over a 2-day week. Lundy observes that high premia favored As, while low premia favored Hs, with HK stocks performing well towards the end of the week. Lundy predicts a downward trend in AH Premia direction and mentions the use of a New/Better A-H Premium Tracker to monitor premium positioning and positioning/volatility in pairs over time. The report also highlights consecutive net buying streaks in SOUTHBOUND flows and significant inflows in NORTHBOUND, suggesting strong investor interest in the company.


A look at Industrial and Commercial Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.2

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, Industrial and Commercial Bank of China (ICBC) (H) seems to have a positive long-term outlook. With high scores in Dividend and Momentum, the company is viewed favorably in terms of its ability to provide returns to shareholders and its current market performance. Additionally, ICBC (H) scores well in Value and Growth, indicating strong fundamentals and potential for future expansion. However, its Resilience score is slightly lower, suggesting some vulnerability to market fluctuations.

Industrial and Commercial Bank of China Limited is a banking institution that offers a range of financial services to individuals and businesses. With a focus on deposits, loans, fund underwriting, and foreign currency services, ICBC serves a diverse client base. The company’s high scores in Dividend and Momentum reflect its strong performance in providing returns to investors and maintaining market momentum. Overall, ICBC (H) appears to be well-positioned for growth and stability in the banking sector.


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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Hong Kong Market Movers Today – 26 September 2024

By | Market Movers

Biggest stock gainers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
SenseTime Group (20)1.39 HKD+11.20%3.6
China Construction Bank (939)6.18 HKD+2.15%4.0
Industrial and Commercial Bank of China (1398)4.83 HKD+1.05%4.2
Bank of China (3988)3.81 HKD+1.33%4.0
China Vanke (2202)5.73 HKD+22.17%4.0
Xiaomi (1810)21.35 HKD+3.89%3.4
GCL Technology Holdings (3800)1.14 HKD+4.59%2.8
Agricultural Bank of China (1288)4.00 HKD+2.04%4.0
China Cinda Asset Management (1359)0.71 HKD+9.23%3.4
Ping An Insurance (Group) Company of China (2318)45.30 HKD+8.11%4.0

Biggest stock losers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
China Tower (788)1.01 HKD-0.98%3.4
Petrochina (857)6.24 HKD-2.04%3.8
CNOOC (883)18.40 HKD-6.50%3.2
China Petroleum & Chemical (386)4.77 HKD-1.24%3.6
China Telecom (728)4.31 HKD-5.07%4.2

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars