China Tower’s stock price ascends to 0.99 HKD, witnessing a robust 1.02% growth

China Tower (788)

0.99 HKD +0.01 (+1.02%) Volume: 151.13M

China Tower’s stock price is currently performing at 0.99 HKD, with a positive trading session change of +1.02% and a notable year-to-date increase of +20.73%, backed by a substantial trading volume of 151.13M, exemplifying its strong market presence and potential for investors.

Latest developments on China Tower

Today, China Tower saw a positive movement in its stock price as it was added to the FTSE China 50 Index, a significant milestone for the company. This inclusion reflects the market’s recognition of China Tower’s growth and potential in the telecommunications industry. The decision to include China Tower comes as the index also announced the exclusion of CICC, another major player in the Chinese market. This news has further boosted investor confidence in China Tower, leading to an uptick in its stock price today.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma indicates potential changes in the iShares China Large-Cap (FXI) ETF. According to Brian Freitas, China Tower (788 HK) is likely to replace China International Capital Corporation (3908 HK) in the ETF at the close on 20th September. Passives are expected to buy 2x ADV in China Tower, with a noticeable increase in short interest and positioning in CICC. The listing of Midea Group Co Ltd A (000333 CH) H-shares could lead to further changes before the next scheduled rebalance in December.

Freitas also suggests that China Tower has a high probability of inclusion in the FXI ETF, while CICC is likely to be deleted in September. Shorts have been decreasing in China Tower and increasing in CICC, with a slowdown in cumulative excess volume for both stocks recently. With expectations for just one change in the ETF, investors are keeping a close eye on the potential adjustments in the composition of the iShares China Large-Cap (FXI) ETF.

A look at China Tower 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 Tower Corporation Limited, a telecommunication company operating in China, has received high scores in Value and Dividend, indicating strong financial performance and consistent returns for investors. With a lower score in Growth, the company may face challenges in expanding its operations in the future. Additionally, a Resilience score of 2 suggests potential vulnerabilities to economic downturns or market fluctuations. However, with a Momentum score of 4, China Tower shows promising signs of growth and positive market sentiment.

Despite some areas of concern, China Tower’s overall outlook appears stable, with a solid foundation in value and dividends. Investors may find the company attractive for its financial stability and potential for growth, supported by positive momentum in the market. As China Tower continues to provide telecommunication services across the country, its strong performance in key areas bodes well for its long-term success in the 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.
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