China Tower (788)
1.12 HKD -0.01 (-0.88%) Volume: 178.46M
China Tower’s stock price currently stands at 1.12 HKD, experiencing a slight downtrend with a -0.88% change this trading session. Despite a high trading volume of 178.46M, the year-to-date (YTD) percentage change remains at +0.00%, indicating a stable performance for the telecommunications infrastructure company’s stock.
Latest developments on China Tower
China Tower (00788) saw a surge in stock price today following an upgrade by Morgan Stanley to Overweight, designating it as a top pick for Chinese telecoms. This positive sentiment was further reinforced by two bullish block trades totaling 8.4 million shares at $1.12, amounting to a turnover of $9.408 million. Despite a bearish block trade of 8.8 million shares at $1.11 with a turnover of $9.768 million, investors remain optimistic about the potential growth of China Tower in the telecommunications sector.
China Tower on Smartkarma
Analyst coverage on China Tower by Brian Freitas on Smartkarma suggests that there may be changes in the FXI ETF in September. China Tower (788 HK) is a high probability inclusion while China International Capital Corporation (3908 HK) is a high probability deletion. Passives will need to buy 2x ADV in China Tower, with cumulative excess volume and short interest moving higher in CICC compared to China Tower. The listing of Midea Group Co Ltd A (000333 CH) H-shares could lead to further changes for the ETF before the next scheduled rebalance in December.
According to Brian Freitas‘ research on Smartkarma, shorts have been covering China Tower (788 HK) and increasing in CICC, with the cumulative excess volume curve flattening out recently. With just one expected change for the iShares China Large-Cap (FXI) (FXI US) ETF in September, China Tower is likely to replace CICC. While there has been an increase in cumulative excess volume for both stocks in recent months, the pace has slowed down in the recent past. Passives are expected to trade 1x ADV, with potential additional changes if Wuxi Apptec underperforms other stocks by 3% over the next 4 weeks.
A look at China Tower Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 5 | |
Dividend | 5 | |
Growth | 3 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.8 |
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, has received high scores in Value and Dividend, indicating a positive long-term outlook for investors. With top marks in these areas, the company is seen as a strong investment option for those looking for stable returns and growth potential. However, its scores in Growth and Resilience are slightly lower, suggesting some challenges in these areas that may need to be addressed for sustained success. Overall, China Tower’s Momentum score of 4 shows that the company is performing well and is on a positive trajectory in the market.
Operating throughout China, China Tower Corporation Limited specializes in telecommunication tower construction and maintenance, as well as ancillary facilities management. With a strong focus on providing essential services in the telecommunications sector, the company’s high scores in Value and Dividend highlight its stability and attractiveness to investors. While there are some areas for improvement in Growth and Resilience, China Tower’s overall positive momentum indicates a promising future ahead for the company in the telecommunications industry.
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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