China Telecom (728)
4.63 HKD -0.02 (-0.43%) Volume: 129.52M
China Telecom’s stock price is currently valued at 4.63 HKD, experiencing a slight dip of -0.43% this trading session, with a high trading volume of 129.52M. Despite the minor setback, the telecom giant maintains a robust year-to-date performance, boasting an impressive +24.06% increase.
Latest developments on China Telecom
China Telecom (H) stock price movements today have been influenced by the ongoing investigation by the US into Chinese telecom companies, including China Telecom and China Mobile, over internet and cloud security risks. This news comes amidst a rebound in the Hang Seng Index, with ‘Valuation with CN Characteristics’ stocks leading the rally, including China Unicom. As global mobile operators explore pathways to a more intelligent future at the Global Partnership summit, investors are closely monitoring the developments surrounding China Telecom (H) in the ever-evolving telecommunications landscape.
China Telecom on Smartkarma
Analyst coverage of China Telecom (H) on Smartkarma by Travis Lundy indicates a bullish sentiment. In his 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 continued buying of state-owned enterprises (SOEs). He expects net flows to continue as the ex-dates for high-dividend SOEs in the oil and telecom sectors approach in 12 weeks. Despite fluctuations in stock indices, H-shares with A-share pairs were up, with significant net SOUTHBOUND buying of HK$9.1bn in the second post-holiday week.
Lundy’s analysis points to a strong interest in high-dividend SOEs like China Telecom (H) among investors. With the ex-dividend date still three months away, these companies remain attractive targets for investment. The report reflects a positive outlook on the company amidst ongoing market fluctuations. For more insights from Travis Lundy and other independent analysts on China Telecom (H), visit Smartkarma’s platform dedicated to providing in-depth research on various companies and sectors.
A look at China Telecom Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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) is positioned for a strong long-term outlook based on the Smartkarma Smart Scores. With top scores in Value and Dividend, the company demonstrates solid financial health and a commitment to rewarding shareholders. Additionally, its high Momentum score indicates positive market sentiment and potential for future growth. While Growth and Resilience scores are slightly lower, China Telecom (H) still presents a promising investment opportunity in the telecommunications sector.
China Telecom Corporation Limited, a leading provider of telecommunications services in China, is well-positioned for continued success based on its Smartkarma Smart Scores. With a strong emphasis on value and dividends, the company showcases stability and investor-friendly policies. Despite moderate scores in Growth and Resilience, China Telecom (H) remains a reliable choice for long-term investors seeking steady returns in the ever-evolving telecommunications industry.
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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