China Tower’s Stock Price Climbs to 1.12 HKD, Marks Impressive 0.90% Increase

China Tower (788)

1.12 HKD +0.01 (+0.90%) Volume: 184.7M

China Tower’s stock price is currently standing at 1.12 HKD, experiencing a positive change of +0.90% in today’s trading session with a substantial trading volume of 184.7M. Despite the impressive daily performance, the year-to-date (YTD) percentage change remains at +0.00%, indicating a steady stock performance for the year.

Latest developments on China Tower

China Tower’s stock price has been experiencing fluctuations today due to a series of block trades. The day started with a bullish block trade of 1.9 million shares at $1.12, resulting in a turnover of $2.128 million. This was followed by a bearish block trade of 3.7 million shares at the same price, with a turnover of $4.144 million. However, investor confidence was restored with a bullish block trade of 6 million shares at $1.12, generating a turnover of $6.72 million. The positive momentum continued with another bullish block trade of 1.6 million shares at $1.13, resulting in a turnover of $1.808 million. These trades indicate a mix of bullish and bearish sentiment surrounding China Tower’s stock today.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma has been positive, with Brian Freitas providing insights on the upcoming FXI rebalance. In a report titled “FXI Rebalance: China Tower (788 HK) Will Replace CICC (3908 HK)”, Freitas notes that China Tower will replace CICC in the FXI at the close on 20 Sep. The report highlights the need for passives to buy 2x ADV in China Tower and mentions the increase in cumulative excess volume and short interest in CICC compared to China Tower.

In another report by Brian Freitas, titled “FXI Rebalance Preview: China Tower (788 HK) Could Replace CICC (3908 HK)”, the analyst suggests that China Tower could replace CICC in the FXI in Sep. Freitas points out that shorts have been covering China Tower and increasing in CICC, with a noticeable slowdown in cumulative excess volume growth for both stocks. The report indicates a high probability of China Tower’s inclusion and CICC’s deletion from the 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 telecommunications company operating in China, has received high scores in value and dividend, indicating strong financial performance and shareholder returns. However, its growth and resilience scores are moderate, suggesting room for improvement in these areas. With a solid momentum score, the company seems to be on a positive trajectory in the near future.

China Tower’s focus on providing telecommunications infrastructure and services across China positions it well in a rapidly evolving industry. By maintaining and constructing telecommunication towers, managing ancillary facilities, and offering other related services, the company plays a crucial role in supporting the country’s communication network. Despite some areas for growth and resilience enhancement, China Tower’s overall outlook appears promising, as reflected in its smart scores.

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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