China Tower’s Stock Price Plummets to 1.01 HKD, Experiencing a 1.94% Decline

China Tower (788)

1.01 HKD -0.02 (-1.94%) Volume: 207.96M

China Tower’s stock price stands at 1.01 HKD, experiencing a decrease of -1.94% this trading session, with a strong trading volume of 207.96M. Despite the recent dip, the stock has shown promising growth with a year-to-date increase of +23.17%, indicating robust performance in the market.

Latest developments on China Tower

Today, China Tower (00788) experienced a bearish block trade of 14.7 million shares at $1.03, resulting in a turnover of $15.141 million. This significant transaction has likely contributed to the stock price movements of China Tower. Investors are closely monitoring these developments as they assess the impact of this block trade on the company’s performance and market sentiment.

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 upcoming rebalance on 20th September. The research suggests that passives will need to buy 2x ADV in China Tower, as shorts have been covering this stock while increasing 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 another report by Brian Freitas, it is mentioned that China Tower could be a high probability inclusion in the FXI ETF, with shorts decreasing in this stock and increasing in CICC. The cumulative excess volume curve for both stocks has shown a slowdown in pace recently. With the review cutoff completed, only one change is expected for the ETF in September. The research highlights the positioning and short interest trends between China Tower and China International Capital Corporation, indicating potential shifts in the ETF composition.

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, has received high scores in value and dividend according to Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of financial stability and shareholder returns. However, with lower scores in growth, resilience, and momentum, China Tower may face challenges in expanding its operations, adapting to market changes, and maintaining a strong market position.

Despite the lower scores in growth, resilience, and momentum, China Tower’s strong performance in value and dividend suggests that the company is well-positioned to generate stable returns for investors. With its focus on telecommunication towers construction and maintenance services, China Tower remains a key player in the telecommunications industry in China. Overall, while there may be areas for improvement, China Tower’s solid foundation and consistent dividend payouts make it a reliable choice for investors looking for steady long-term growth.

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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