China Telecom (H) (728) Earnings: 1H Net Income Hits 21.81B Yuan with Strong Buy Ratings

China Telecom (H) on Smartkarma

Analyst coverage on China Telecom (H) by Travis Lundy on Smartkarma indicates a bullish sentiment in the recent report titled “HK Connect SOUTHBOUND Flows (To 1 Mar 2024); Continued Big Buys of SOEs (Getting Boring to Say This)“. The report highlights the positive trend in HK Connect SOUTHBOUND flows, with a focus on continued significant purchases of State-Owned Enterprises (SOEs), particularly in the oil and telecom sectors. Lundy anticipates that net flows will persist, given upcoming ex-dates for high-dividend SOEs in the mentioned sectors. Despite fluctuations in stock indices, the report notes a strong net SOUTHBOUND buying pattern, with emphasis on SOEs being attractive targets based on recent discussions by SASAC officials on key performance indicators.

A look at China Telecom (H) 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 Telecom (H) shows a promising long-term outlook based on the Smartkarma Smart Scores. With top scores of 5 in Value, Dividend, Growth, and Momentum, the company demonstrates strong fundamentals and potential for future performance. This indicates that China Telecom (H) is perceived positively in terms of its valuation, dividend yield, growth prospects, and market momentum, positioning it well for sustained success.

Despite a slightly lower score of 3 in Resilience, China Telecom (H) still appears to be a robust investment option overall. The company, known for providing wireline telephone, data, and Internet services in China, is backed by solid fundamentals and a track record of delivering value to investors. Investors looking for a company with strong growth potential and stable dividends may find China Telecom (H) to be a compelling choice for long-term investment.

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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