China Telecom (H) (728) Earnings: FY Net Income Surges by 10%, Meeting Estimates

China Telecom (H) on Smartkarma

On Smartkarma, a popular independent investment research network, top analysts have recently published their research on China Telecom (H). According to Travis Lundy, an experienced analyst, the HK Connect SOUTHBOUND flows were positive, with continued big buys of state-owned enterprises (SOEs). Lundy expects this trend to continue, as the ex-dates for high-dividend SOEs in the oil and telecom sectors are still 12 weeks away. Despite HK stock indices being down, H-shares with A-share pairs were up, indicating strong buying activity from the SOUTHBOUND market.

The net SOUTHBOUND buying for China Telecom (H) was HK$9.1 billion in the second post-holiday week, following a positive trend of +HK$20 billion in the first week. Lundy notes that there were “LOTS” of SOEs on the buying side, with continued interest in high-dividend SOEs. This could be attributed to the new KPIs discussed by the SASAC official in late January, making these SOEs attractive targets for investment. Overall, analysts on Smartkarma seem bullish on China Telecom (H), with a positive sentiment towards its future performance.

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

According to Smartkarma’s Smart Scores, China Telecom (H) has a positive long-term outlook. The company has received a score of 5 in value, dividend, growth, and momentum, indicating strong performance in these areas. China Telecom (H) is a leading provider of wireline telephone, data, and internet services in China through its subsidiaries. Its strong focus on value, dividend, growth, and momentum is expected to result in continued success for the company in the long-term.

However, the company received a score of 3 in resilience, which suggests that it may face some challenges in this area. This could be due to potential competition in the rapidly evolving telecommunications industry. Despite this, China Telecom (H) is well-positioned to maintain its strong performance and continue to deliver value to its customers and shareholders in the long-term.

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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