China Tower’s Stock Price Leaps to 1.03 HKD, Marking an Impressive Increase of 0.98%

China Tower (788)

1.03 HKD +0.01 (+0.98%) Volume: 167.65M

China Tower’s stock price is currently at 1.03 HKD, showcasing a positive trading session with a rise of +0.98%. With a strong trading volume of 167.65M and a significant year-to-date percentage change of +25.61%, the stock’s performance continues to attract investors, reflecting the company’s robust market presence.

Latest developments on China Tower

China Tower (00788) experienced a bearish block trade today, with 3.2 million shares being sold at a price of $1.03 per share, resulting in a turnover of $3.296 million. This significant sell-off may have contributed to the stock price movements seen in trading today. Investors will be closely monitoring any further developments that could impact the company’s performance in the near future.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma suggests that there may be upcoming changes in the iShares China Large-Cap (FXI) ETF. According to Brian Freitas, China Tower (788 HK) is a high probability inclusion while China International Capital Corporation (3908 HK) is a high probability deletion in the FXI rebalance. Passives will need to buy 2x ADV in China Tower, and shorts have been covering China Tower while increasing in CICC. The listing of Midea Group Co Ltd A (000333 CH) H-shares could also trigger another change for the ETF before the scheduled rebalance in December.

As the review cutoff for the September rebalance approaches, analysts anticipate at least one change for the FXI ETF. Brian Freitas notes that there could be another change if Wuxi Apptec underperforms other stocks by 3% over the next 4 weeks. Shorts have been dropping in China Tower and are near their lows, while shorts in China International Capital Corporation have been increasing. With potential changes on the horizon, investors will need to monitor the developments closely to navigate the shifting landscape of 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 been rated highly in terms of value and dividend by Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of financial performance and returns to shareholders. However, its growth, resilience, and momentum scores are lower, suggesting potential challenges in these areas moving forward.

Despite facing some hurdles in growth, resilience, and momentum, China Tower remains a strong player in the telecommunications industry in China. With a focus on providing telecommunication tower construction, maintenance, and other related services throughout the country, the company continues to play a crucial role in supporting the communication infrastructure. Investors may find the company’s high value and dividend scores appealing, but should also consider the areas of growth, resilience, and momentum for a more comprehensive evaluation of its long-term prospects.

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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