China Tower’s Stock Price Dips to 1.02 HKD, Facing a Slight Decrease of 0.97%

China Tower (788)

1.02 HKD -0.01 (-0.97%) Volume: 276.55M

China Tower’s stock price is currently at 1.02 HKD, experiencing a slight dip of -0.97% this trading session, with a substantial trading volume of 276.55M. Despite the recent fluctuation, the stock has demonstrated a strong performance Year-to-Date (YTD) with a gain of +24.39%, indicating a promising trend for potential investors.

Latest developments on China Tower

China Tower (00788) saw a bullish block trade today with 1.5 million shares being exchanged at a price of $1.01, resulting in a turnover of $1.515 million. This significant transaction could be indicative of positive sentiment towards the company, potentially leading to an increase in stock price. Investors will be closely monitoring further developments to gauge the impact on China Tower’s stock movements in the coming days.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma suggests potential changes in the FXI ETF in September. According to Brian Freitas, China Tower (788 HK) is a high probability inclusion while China International Capital Corporation (3908 HK) is likely to be deleted from the ETF. Passives will need to trade 1x ADV, and shorts have been dropping in China Tower while increasing in CICC.

With the review cutoff completed, only one change is expected for the iShares China Large-Cap (FXI) ETF next month. The analysis by Brian Freitas indicates that China Tower could replace CICC in the FXI, with shorts covering China Tower and increasing in CICC. Cumulative excess volume for both stocks has been on the rise, although the pace has slowed recently.

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, shows promising long-term potential based on its Smartkarma Smart Scores. With a top score in Value and a strong score in Dividend, the company is viewed favorably for its financial stability and investor returns. While Growth and Momentum scores are moderate, indicating steady progress and market performance, Resilience score is lower, suggesting some vulnerability to market fluctuations. Overall, China Tower’s outlook appears solid, particularly in terms of value and dividend potential.

China Tower Corporation Limited is a key player in the telecommunications industry in China, offering services such as tower construction, maintenance, and facility management. Smartkarma Smart Scores highlight the company’s strengths in value and dividend, indicating a stable financial position and attractive returns for investors. Although Growth and Momentum scores are not as high, the company’s widespread presence and essential services position it well for long-term success. While resilience may be a concern, China Tower’s overall outlook remains positive, making it a notable contender in the telecommunications sector.

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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