China Telecom’s Stock Price Soars to 4.34 HKD, Witnessing a Robust Increase of +2.12%

China Telecom (728)

4.34 HKD +0.09 (+2.12%) Volume: 92.94M

China Telecom’s stock price soars at 4.34 HKD, achieving a positive trading session with a percentage increase of +2.12%. The robust trading volume of 92.94M and a remarkable YTD percentage change of +16.31% highlight its strong market performance, making it a potential investment opportunity.

Latest developments on China Telecom

In a significant move impacting China Telecom (H) stock price today, the Chinese government has reportedly instructed telecom carriers to replace foreign chips. This directive, which could have far-reaching implications for the global tech industry, has been a key driver of market interest and trading activity. Investors are closely watching these developments, keenly anticipating the potential consequences on China Telecom’s financial performance and stock valuation.

China Telecom on Smartkarma

Analyst coverage on China Telecom (H) on Smartkarma by Travis Lundy indicates a bullish sentiment in the recent report titled “HK Connect SOUTHBOUND Flows (To 1 Mar 2024); Continued Big Buys of SOEs (Getting Boring to Say This)”. Lundy notes that the HK Connect SOUTHBOUND flows were positive, with State-Owned Enterprises (SOEs) in sectors like oil and telecom being actively bought. Net SOUTHBOUND buying was HK$9.1bn in the second post-holiday week, following a significant increase in the first week. Lundy expects the trend of buying high-dividend SOEs to continue, with upcoming ex-dividend dates in 12 weeks and supportive market conditions.

With a focus on the ongoing positive buying activity and potential growth opportunities, the analysis by Travis Lundy on Smartkarma provides valuable insights for investors interested in China Telecom (H). The report highlights the resilience of SOEs in the current market environment and the alignment of investment strategies with key performance indicators set by regulatory authorities. As the market dynamics evolve, the research suggests that China Telecom (H) remains an appropriate target for investors seeking exposure to the telecom sector in Hong Kong, supported by the continued net buying activity and favorable outlook for high-dividend SOEs.

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 positioned well for long-term success, according to Smartkarma Smart Scores. With top scores in Value, Dividend, Growth, and Momentum, the company shows strong potential for future growth and profitability. These high scores indicate a favorable outlook for investors looking for a stable and reliable investment option in the telecommunications sector.

While China Telecom (H) scores slightly lower in Resilience, the overall picture remains positive for the company. As a provider of wireline telephone, data, and Internet services in China, China Telecom (H) is well-positioned to capitalize on the growing demand for communication services in the region. Investors can expect steady performance and potential for long-term returns from this industry leader.

### 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.
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