China Telecom’s Stock Price Soars to 6.23 HKD, Marking a Strong 2.64% Uptick

China Telecom (728)

6.23 HKD +0.16 (+2.64%) Volume: 215.36M

China Telecom’s stock price is currently performing robustly at 6.23 HKD, marking a promising increase of +2.64% this trading session. With a high trading volume of 215.36M and a substantial YTD percentage change of +27.93%, China Telecom (728) is demonstrating strong market resilience and potential for investment growth.

Latest developments on China Telecom

China Telecom (H) stock price movements today were influenced by the overall performance of the Hang Seng Index (HSI), which settled 4 points lower after gaining 41 points at midday on a $252.8 billion deal. TENCENT led the charge with a 4% increase, while BIDU-SW saw a decrease of approximately 7%. The HSI opened 134 points higher as TENCENT soared by over 6%, with CHINA UNICOM also mounting a 3% increase. By midday, the HSI spiked by 464 points, with XIAOMI-W ballooning by around 6% and KUAISHOU-W hiking by approximately 10%, further impacting China Telecom (H) stock prices.

A look at China Telecom 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) has received high scores in both Value and Dividend categories, indicating a strong financial position and consistent dividend payouts. This suggests that the company may be a stable investment option for those seeking long-term returns. However, the lower scores in Growth and Resilience could pose challenges for the company in the future, as it may struggle to adapt to changing market conditions and unexpected disruptions. With a moderate score in Momentum, China Telecom (H) shows some potential for growth, but investors should carefully consider the overall outlook before making any decisions.

Overall, China Telecom Corporation Limited, the parent company of China Telecom (H), provides a range of telecommunications services in China. With high scores in Value and Dividend, the company appears to be financially sound and committed to rewarding shareholders. However, lower scores in Growth and Resilience indicate potential areas of concern for the company’s long-term prospects. The moderate Momentum score suggests that there may be some room for growth, but investors should conduct further research and analysis to fully assess the company’s outlook before making any investment decisions.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma