China Tower’s Stock Price Soars to 1.13 HKD, Exhibiting a Positive Growth of 0.89%

China Tower (788)

1.13 HKD +0.01 (+0.89%) Volume: 352.82M

China Tower’s stock price is currently performing at 1.13 HKD, showcasing a positive trading session with an increase of +0.89%. With a substantial trading volume of 352.82M, the stock has experienced a notable year-to-date percentage change of +37.80%, indicating a robust growth in 2021.

Latest developments on China Tower

Today, China Tower (00788) experienced a series of block trades that influenced its stock price movements. Bearish block trades of 2M shares at $1.13, 3M shares at $1.13, and 1.8M shares at $1.1 contributed to a turnover of $2.26M, $3.39M, and $1.98M respectively. However, a bullish block trade of 5M shares at $1.12 and 1.5M shares at $1.09 with turnovers of $5.6M and $1.635M provided some positive momentum. Another bearish block trade of 1.9M shares at $1.11 and a bullish block trade of 1.9M shares at $1.12 with turnovers of $2.109M and $2.128M also impacted the stock price today.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma by Brian Freitas suggests that there may be changes in the iShares China Large-Cap (FXI) ETF in September. According to Freitas, China Tower (788 HK) is a high probability inclusion while China International Capital Corporation (3908 HK) is a high probability deletion. Short interest in China Tower has been decreasing, while short interest in CICC has been on the rise. The listing of Midea Group Co Ltd A (000333 CH) H-shares could potentially lead to further changes for the ETF before the next scheduled rebalance in December.

Freitas also notes that passives will need to trade 1x ADV in China Tower, with cumulative excess volume and short interest trends playing a significant role in the decision-making process. As the review cutoff approaches, the pace of change in cumulative excess volume for both stocks has slowed down. Overall, the analyst coverage on China Tower indicates potential shifts in the FXI ETF composition, with investors closely monitoring the developments in the coming weeks.

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 for its value and dividend payouts. This indicates a positive long-term outlook for the company in terms of financial stability and returns for investors. However, the lower scores for growth, resilience, and momentum suggest potential challenges in areas such as expanding its business, adapting to market changes, and maintaining a competitive edge.

Despite facing some hurdles, China Tower remains a key player in the telecommunication industry, providing essential services such as tower construction and maintenance throughout China. With a strong focus on value and dividends, the company is likely to attract investors looking for stable returns. However, to ensure sustained growth and competitiveness, China Tower may need to address areas such as resilience and momentum in the long run.

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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