China Tower’s Stock Price Drops to 0.99 HKD, Experiences 1.98% Decrease: Time to Buy or Bail?

China Tower (788)

0.99 HKD -0.02 (-1.98%) Volume: 679.42M

China Tower’s stock price stands at 0.99 HKD, experiencing a slight dip of -1.98% this trading session, with a considerable trading volume of 679.42M. Despite the minor setback, the stock maintains a robust YTD increase of +20.73%, showcasing its potential for steady growth.

Latest developments on China Tower

Today, China Tower (00788) experienced bearish block trades with 1.5 million shares and 46.2 million shares being traded at $1.01 per share, resulting in turnovers of $1.515 million and $46.662 million respectively. These significant sell-offs may have influenced the stock price movements of China Tower as investors react to the increased trading activity. Analysts are closely monitoring these developments to assess the impact on the company’s overall performance in the market.

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 20 September. The analysis suggests that there is more positioning and short interest in CICC compared to China Tower, with cumulative excess volume and short interest moving higher in CICC. The listing of Midea Group Co Ltd A (000333 CH) H-shares could also impact the ETF before the next scheduled rebalance in December.

In a preview of the FXI rebalance, Brian Freitas highlights the possibility of China Tower replacing CICC in the ETF in September. The analysis shows that shorts have been covering China Tower positions while increasing in CICC, leading to a potential change in the ETF composition. With the review cutoff completed, it is expected that there will be just one change for the iShares China Large-Cap (FXI) (FXI US) ETF in September, with China Tower being a high probability inclusion and CICC a high probability deletion. The pace of cumulative excess volume growth for both stocks has slowed down 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 telecommunications company operating in China, shows promising long-term potential based on its Smartkarma Smart Scores. With a high Value score of 5, the company is deemed to be undervalued, offering potential for growth in the future. Additionally, its strong Dividend score of 4 indicates a stable and attractive dividend payout for investors. While the Growth score of 3 suggests moderate growth prospects, the company’s Resilience score of 2 may raise some concerns about its ability to withstand market challenges. However, with a Momentum score of 3, China Tower is showing positive signs of upward momentum in the market.

Overall, China Tower Corporation Limited, a leading player in the telecommunications industry in China, is positioned well for the future according to its Smartkarma Smart Scores. The company’s high Value and Dividend scores reflect its potential for long-term value creation and stable returns for investors. While the Growth score indicates moderate growth prospects, the Resilience score highlights potential vulnerabilities that need to be monitored. With a Momentum score showing positive market momentum, China Tower is a company to watch for potential investment opportunities 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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