China Telecom’s Stock Price Soars to 4.52 HKD, Revealing an Impressive Increase of 3.67%

China Telecom (728)

4.52 HKD +0.16 (+3.67%) Volume: 186.55M

China Telecom’s stock price is currently showing a strong performance at 4.52 HKD, with an impressive trading session increase of +3.67% and a noteworthy trading volume of 186.55M. With a year-to-date percentage change of +20.86%, it’s clear that China Telecom (728) is making significant strides in the stock market.

Latest developments on China Telecom

China Telecom (H) stock witnessed a significant leap of over 3%, marking a 52-week high today. This surge in stock price comes amidst a generally waning HSI, which dipped 10 points at midday. The telecom giant’s performance stood out as other key players like Galaxy Entertainment and Sands China Ltd saw a decline of 5% and 3% respectively. This positive movement in China Telecom’s stock price further solidifies its strong position in the market.

China Telecom on Smartkarma

Analyst coverage on 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 continuous buying of State-Owned Enterprises (SOEs). With the ex-dates for high-dividend SOEs in the oil and telecom sectors approaching in 12 weeks, Lundy expects net flows to persist. Despite fluctuations in stock indices, the report suggests that SOUTHBOUND buying remains strong, particularly targeting high-dividend SOEs within the telecom sector.

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 poised for a bright future based on the Smartkarma Smart Scores. With top marks in Value, Dividend, Growth, and Momentum, the company is showing strong potential in various aspects. Its high scores in Value and Dividend indicate solid financial performance and investor returns, while the top score in Growth suggests promising prospects for expansion and development. Additionally, the high Momentum score reflects a positive trend in the company’s stock performance, indicating growing interest and confidence from investors.

While China Telecom (H) excels in multiple areas, it does face some challenges in terms of Resilience, with a score of 3. This suggests that the company may have some vulnerabilities that could impact its ability to withstand external pressures or economic downturns. Despite this, the overall outlook for China Telecom (H) appears optimistic, with its strong performance in key areas positioning it well for long-term success in the telecommunications industry.

Summary: 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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