China Tower’s Stock Price Soars to 0.92 HKD, Marking a Robust Increase of +2.22%

China Tower (788)

0.92 HKD +0.02 (+2.22%) Volume: 133.62M

China Tower’s stock price has shown strong performance, currently trading at 0.92 HKD, achieving a positive change of +2.22% in this trading session with a hefty trading volume of 133.62M. The stock has also demonstrated a robust growth YTD, recording a percentage change of +10.98%, making it a noteworthy player in the market.

Latest developments on China Tower

In recent market developments, China Tower’s stock price has experienced significant movements due to several key factors. According to CICC, Southbound Funds mainly overweight China Mobile, China Telecom, and China Tower in the first quarter, underweight Tencent. Furthermore, the bearish block trade of China Tower shares, with 2.3 million shares at $0.89 amounting to a $2.047 million turnover, and a subsequent 1.7 million shares at the same price, leading to a $1.513 million turnover, has also contributed to the stock price fluctuation. In an unrelated event, China’s Canton Tower was reportedly struck by lightning six times in one hour.

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, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With top marks in value and dividend, investors may find the company to be a strong contender for potential growth and income. Additionally, its high momentum score suggests positive market sentiment and potential for continued upward movement in the future. However, its lower resilience score may indicate some vulnerability to market fluctuations.

Overall, China Tower’s strong performance in value, dividend, and momentum, coupled with its solid growth score, paints a favorable picture for the company’s future prospects. Despite its lower resilience score, the company’s focus on telecommunication towers construction and maintenance, as well as ancillary facilities management, positions it well for continued success in the competitive Chinese 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.
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