China Tower’s Stock Price Soars to 0.96 HKD, Showcasing a Robust Growth of +3.23%

China Tower (788)

0.96 HKD +0.03 (+3.23%) Volume: 367.7M

China Tower’s stock price is currently performing strongly at 0.96 HKD, with a significant trading session increase of +3.23% and a substantial trading volume of 367.7M. Demonstrating a robust year-to-date growth of +17.07%, this stock is a noteworthy performer in the market.

Latest developments on China Tower

China Tower has been making significant strides in its growth and development, with its H1 profit increasing by more than 10%. In a bold move, the company has decided to pay an interim dividend for the first time, showcasing its financial strength and commitment to rewarding shareholders. The “One Core and Two Wings” strategy implemented by China Tower has been steadily progressing, further boosting investor confidence. Additionally, the company has recently declared an interim dividend and set a payment date, indicating a positive outlook for the future. These developments have led to a 3%+ lift in China Tower’s stock price today, as investors react positively to the news of its growth and dividend plan.

China Tower on Smartkarma

Analyst Brian Freitas from Smartkarma recently published a bullish insight on China Tower. In his report titled “FXI Rebalance Preview: One High Probability Change; One More Possible,” Freitas highlighted the potential inclusion of China Tower (788 HK) in the iShares China Large-Cap (FXI) ETF. He also mentioned that China International Capital Corporation (3908 HK) is expected to be deleted from the ETF. Freitas noted that shorts have been decreasing in China Tower and increasing in China International Capital Corporation.

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, has received high scores across the board from Smartkarma Smart Scores. With top marks in Value, Dividend, Growth, and Momentum, the company seems to be in a strong position for the long term. However, its Resilience score of 2 raises some concerns about its ability to withstand potential challenges. Overall, China Tower’s outlook appears positive, especially in terms of value, dividends, growth, and momentum.

China Tower Corporation Limited is a key player in the telecommunications industry, offering a range of services throughout China. Smartkarma Smart Scores indicate that the company excels in areas such as value, dividends, growth, and momentum. While its Resilience score is lower, suggesting some vulnerability, China Tower’s overall outlook seems promising. Investors may find potential opportunities in this company, given its strong performance in multiple key areas.

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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