China Telecom’s Stock Price Soars to 4.48 HKD, Experiencing a Robust 2.75% Uplift

China Telecom (728)

4.48 HKD +0.12 (+2.75%) Volume: 98.06M

China Telecom’s stock price is currently strong at 4.48 HKD, witnessing a positive trading session with a +2.75% increase and a robust trading volume of 98.06M. The company’s stock performance has been impressive this year, boasting a +19.25% change YTD, making it a potential choice for investors looking for growth in the telecom sector.

Latest developments on China Telecom

Today, China Telecom (H) stock price movements are closely watched as the Hang Seng Index slips 88 points midday, impacting tech companies and Chinese consumers alike. Additionally, Chinese developers are experiencing a decline in their stock prices. With the SH/SZ-HK Stock Connect in play, investors are keeping a close eye on the market fluctuations and how they may affect China Telecom (H) in the coming hours.

China Telecom on Smartkarma

Analyst coverage of China Telecom (H) on Smartkarma by Travis Lundy shows 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 SOEs, particularly in the oil and telecom sectors. With high-dividend SOEs in these sectors set to go ex-dividend in 12 weeks, Lundy expects net flows to remain positive. Despite a slight dip in HK stock indices, H-shares with A-share pairs saw an increase, indicating ongoing interest in China Telecom (H) and other targeted 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 based on its strong performance across multiple key factors. With top scores in Value, Dividend, and Momentum, the company demonstrates solid financial health and potential for growth. These high scores indicate that China Telecom (H) offers good value for investors, pays attractive dividends, and shows positive momentum in the market.

While the company scores slightly lower in Growth and Resilience, with scores of 3 for each, there is still room for improvement in these areas. China Telecom (H) may need to focus on strategies to drive growth and increase resilience to potential market challenges. Overall, with its strong performance in key areas, China Telecom (H) appears to be a stable and promising investment option in the telecommunications 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.
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