China Telecom (728)
4.65 HKD +0.08 (+1.75%) Volume: 62.08M
China Telecom’s stock price surges to 4.65 HKD, marking a positive shift of +1.75% in the recent trading session, driven by a robust trading volume of 62.08M. The stock continues its upward trajectory with a significant YTD percentage change of +24.33%, showcasing its strong market performance.
Latest developments on China Telecom
China Telecom (H) stock price saw a positive movement today after Citi and HSBC Global Research both raised their target prices for the company. Citi increased their target price to $5.1, citing better than expected 2Q service revenue, while HSBC Global Research raised their target price to $5.2, noting that the mobile sector performed better than anticipated. These upward revisions in target prices reflect growing confidence in China Telecom’s performance and potential for future growth.
China Telecom on Smartkarma
Analyst coverage on China Telecom (H) on Smartkarma by Travis Lundy leans bullish. In the 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 ongoing buying of state-owned enterprises (SOEs). The report mentions that high-dividend SOEs in the oil and telecom sectors are expected to see net flows in the coming weeks. Despite fluctuations in stock indices, the report indicates a trend of net buying of SOEs, with a focus on high-dividend targets such as China Telecom (H).
A look at China Telecom Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.6 |
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 strong long-term outlook, according to Smartkarma Smart Scores. With top scores in Value, Dividend, Growth, and Momentum, the company is showing robust performance across key factors. This indicates a positive outlook for investors looking at China Telecom (H) as a potential opportunity for growth and stability in the telecommunications sector.
Despite a slightly lower score in Resilience, China Telecom (H) still maintains a solid overall rating based on the Smartkarma Smart Scores. As a leading provider of wireline telephone, data, Internet, and leased line services in China, the company’s strong performance in key areas positions it well for long-term success in the market.
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.
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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