China Telecom’s Stock Price Drops to 4.59 HKD, Experiencing a 1.71% Decline: A Look into the Telecom Giant’s Performance

China Telecom (728)

4.59 HKD -0.08 (-1.71%) Volume: 106.62M

China Telecom’s stock price currently stands at 4.59 HKD, experiencing a slight dip of -1.71% this trading session, but showing a robust YTD growth of +22.73%. With a substantial trading volume of 106.62M, the performance of China Telecom (728) continues to attract significant market attention.

Latest developments on China Telecom

China Telecom (H) stock price experienced a sharp decline today following reports of the company being delisted from the New York Stock Exchange. This decision comes after the Trump administration’s executive order prohibiting investments in companies with ties to the Chinese military, which China Telecom (H) is believed to have. The stock price had already been under pressure due to increasing tensions between the US and China over national security concerns. Investors are closely monitoring the situation as the company faces potential repercussions from being delisted.

China Telecom on Smartkarma

Analyst coverage of China Telecom (H) on Smartkarma by Travis Lundy shows a bullish sentiment towards the company. In the research 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 continuous buying of state-owned enterprises (SOEs). The report mentions the upcoming ex-dates for high-dividend SOEs in the oil and telecom sectors, predicting that net flows will continue to be positive.

Lundy’s analysis also points out that despite the fluctuations in stock indices, there is a significant amount of net buying of SOEs, particularly high-dividend ones. With the ex-dividend date still three months away, China Telecom (H) remains an appropriate target for investors based on the new key performance indicators discussed by SASAC officials in late January. Overall, the report suggests a positive outlook for China Telecom (H) in the coming months.

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 on the Smartkarma Smart Scores, indicating a positive long-term outlook for the company. With top scores in Value, Dividend, Growth, and Momentum, China Telecom (H) is positioned well for future success. These scores suggest that the company is not only undervalued but also has strong potential for growth and a solid dividend payout. Additionally, its momentum score indicates that the company is performing well in the market.

China Telecom Corporation Limited, a provider of various telecommunications services in China, is showing resilience in the face of challenges, scoring a 3 in this category. Despite this slightly lower score, the overall outlook for China Telecom (H) remains optimistic based on its strong performance in other key areas. Investors may find China Telecom (H) to be a promising investment opportunity given its impressive scores on the Smartkarma Smart 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.
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