China Telecom’s Stock Price Soars to 4.81 HKD, Marking a Robust 1.91% Increase: A Promising Investment Opportunity

China Telecom (728)

4.81 HKD +0.09 (+1.91%) Volume: 60.27M

China Telecom’s stock price stands at 4.81 HKD, witnessing a positive surge of +1.91% this trading session and a remarkable YTD increase of +28.34%, with a robust trading volume of 60.27M, demonstrating a strong performance in the market.

Latest developments on China Telecom

Today, China Telecom (H) stock price experienced a bearish block trade with 1.2 million shares being sold at $4.65 per share, resulting in a turnover of $5.58 million. This significant transaction has had an impact on the stock price movement of China Telecom (H) as investors react to the large volume of shares being traded at a lower price. Analysts are closely monitoring the situation to assess the implications of this block trade on the overall performance of China Telecom (H) in the market.

China Telecom on Smartkarma

Analyst coverage of 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 ongoing buying of State-Owned Enterprises (SOEs). He expects net flows to continue, especially for high-dividend SOEs in the oil and telecom sectors. Despite fluctuations in stock indices, A-shares with H-share pairs saw an increase. The report suggests that SOUTHBOUND buying of high-dividend SOEs is likely to persist, with ex-dividend dates still three months away.

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 for a promising long-term outlook based on the Smartkarma Smart Scores. With a top score in both Value and Dividend, the company demonstrates strong fundamentals and a commitment to rewarding shareholders. Additionally, a solid score in Growth suggests potential for future expansion and development. While Resilience is slightly lower, the company’s Momentum score of 5 indicates strong performance and positive market sentiment.

China Telecom Corporation Limited, a leading provider of telecommunications services in China, continues to show strength and stability in the market. With a focus on delivering wireline telephone, data, and Internet services, the company plays a crucial role in connecting people and businesses across the country. Investors can take confidence in the company’s high scores across various factors, pointing towards a bright future for China Telecom (H) in the telecommunications industry.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma