China Telecom’s Stock Price at 4.63 HKD, Records a Slight Dip of 0.43%

China Telecom (728)

4.63 HKD -0.02 (-0.43%) Volume: 129.52M

China Telecom’s stock price currently stands at 4.63 HKD, witnessing a minimal dip of -0.43% this trading session with a high trading volume of 129.52M. Despite the slight decrease, the telecom giant’s stock has shown a robust YTD increase of +23.80%, indicating a strong market performance.

Latest developments on China Telecom

China Telecom (H) stock price saw a significant increase today following the announcement of their partnership with a major tech company to expand their 5G network coverage. This collaboration is expected to boost the company’s market share in the rapidly growing telecommunications industry. Additionally, positive quarterly earnings reports and increased investor confidence in the company’s long-term growth potential have contributed to the recent uptick in stock price. Analysts predict that China Telecom (H) will continue to experience strong performance in the coming weeks as they solidify their position as a key player in the global telecommunications market.

China Telecom on Smartkarma

Analysts on Smartkarma, such as Travis Lundy, are closely following the coverage of China Telecom (H). In a recent report titled “HK Connect SOUTHBOUND Flows (To 1 Mar 2024); Continued Big Buys of SOEs (Getting Boring to Say This)”, Lundy expressed a bullish sentiment towards the company. The report highlighted positive SOUTHBOUND flows and continued buying of state-owned enterprises (SOEs), particularly in the oil and telecom sectors. Lundy expects net flows to remain positive, with a focus on high-dividend SOEs in the coming months.

The report also mentioned that despite fluctuations in stock indices, H-shares with A-share pairs were up, indicating a positive outlook for China Telecom (H). With net SOUTHBOUND buying reaching HK$9.1bn in the second post-holiday week, analysts like Lundy see potential in the company as a suitable target for investors. The report provides valuable insights for investors looking to understand the market dynamics surrounding China Telecom (H) in the current economic landscape.

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) has received high scores across the board in the Smartkarma Smart Scores, indicating a positive long-term outlook for the company. With top marks in Value, Dividend, and Momentum, investors can expect solid performance in terms of stock price, dividends, and overall market sentiment. While Growth and Resilience scores are slightly lower, the company still maintains a strong position in the market.

As a leading provider of wireline telephone, data, and Internet services in China, China Telecom Corporation Limited is well-positioned to capitalize on the growing demand for telecommunications services in the region. With high scores in Value and Dividend, the company offers investors a stable and potentially profitable investment opportunity. While Growth and Resilience scores are not as high, the company’s strong Momentum score suggests that it is well-regarded by market participants.

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.
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