China Telecom’s Stock Price Soars to 4.65 HKD, Marking a Robust Increase of 2.88%

China Telecom (728)

4.65 HKD +0.13 (+2.88%) Volume: 105.48M

China Telecom’s stock price soared to 4.65 HKD, marking a positive trading session with an increase of +2.88%, driven by a high trading volume of 105.48M. The telecom giant’s stock has shown impressive resilience, boasting a year-to-date percentage change of +24.06%, reflecting its robust market performance.

Latest developments on China Telecom

Today, China Telecom (H) stock price movements were influenced by a variety of key events in the telecommunications industry. While HK blue chips remained flat, China Mobile saw a slight decrease. This comes as China Mobile and other global mobile operators are exploring pathways to a more intelligent future through partnerships. Additionally, the US government has been investigating internet and cloud risks associated with major Chinese telecom companies, including China Telecom (H). The SH/SZ-HK Stock Connect also played a role in the fluctuations seen in China Telecom (H) stock prices today.

China Telecom on Smartkarma

Analysts on Smartkarma, such as Travis Lundy, have provided bullish coverage of China Telecom (H). In a recent report titled “HK Connect SOUTHBOUND Flows (To 1 Mar 2024); Continued Big Buys of SOEs (Getting Boring to Say This)”, Lundy highlighted the positive trends in SOE buying, particularly in the oil and telecom sectors. With high-dividend SOEs in focus and net SOUTHBOUND buying reaching HK$9.1bn, the outlook for China Telecom (H) remains optimistic.

Lundy’s analysis points to ongoing interest in China Telecom (H) among investors, with the stock indices showing positive movement. The report emphasizes the continued attraction of high-dividend SOEs and anticipates sustained net flows in the coming weeks. As the ex-div dates for key sectors approach, including telecom, China Telecom (H) stands out as a favorable investment option based on the research provided on Smartkarma.

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) seems to have a positive long-term outlook based on the Smartkarma Smart Scores. With a high Value and Dividend score of 5 each, the company is seen as having strong financials and a good track record of rewarding investors. Additionally, the Momentum score of 5 suggests that the company is performing well in the market currently.

While the Growth and Resilience scores are slightly lower at 3, indicating room for improvement in terms of expansion and ability to weather economic challenges, overall, China Telecom (H) appears to be a solid investment option for those looking for stable returns and consistent dividends in the telecommunications sector.

Summary: China Telecom Corporation Limited provides wireline telephone, data, Internet, and 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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