China Tower (788)
1.02 HKD +0.02 (+2.00%) Volume: 346.75M
China Tower’s stock price has seen a noteworthy performance, currently trading at 1.02 HKD, boasting a positive change of +2.00% this trading session with a substantial trading volume of 346.75M. With an impressive year-to-date (YTD) percentage change of +24.39%, the stock continues to show strong potential for investors.
Latest developments on China Tower
Today, China Tower (00788) experienced a mix of bullish and bearish block trades, with significant turnovers. Bearish block trades of 3M shares at $1.02 and 1.9M shares at $1.01 led to turnovers of $3.06M and $1.919M respectively. On the other hand, bullish block trades of 1.7M shares at $1.0, 6M shares at $1.0, and 1.9M shares at $0.98 saw turnovers of $1.7M, $6M, and $1.862M. These fluctuations in stock trading were influenced by market trends, including the Hang Seng Index closing at 18112, up 174 points, and Goldman Sachs raising target prices for major Chinese telecom companies, maintaining a positive outlook for the future.
A look at China Tower Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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 top scores in Value and Dividend, the company is positioned well for growth and profitability. Additionally, its strong Momentum score indicates positive market sentiment and investor interest. However, the lower Resilience score suggests potential vulnerability to market fluctuations. Overall, China Tower’s solid performance across key factors bodes well for its future outlook in the telecommunications industry.
China Tower Corporation Limited, a leading player in the telecommunication sector in China, has received high ratings in Value, Dividend, and Momentum, indicating a positive outlook for the company. While its Growth score is slightly lower, the company’s strong presence in providing telecommunication tower construction and maintenance services across China positions it for continued success. Despite a lower Resilience score, China Tower’s overall performance suggests a bright future ahead as it continues to expand and innovate in the rapidly evolving telecommunications market.
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.
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