China Tower’s Stock Price Rises to 1.16 HKD, Notching Up a Gain of 0.87%

China Tower (788)

1.16 HKD +0.01 (+0.87%) Volume: 384.79M

China Tower’s stock price is currently at 1.16 HKD, showing a promising uptick of +0.87% in this trading session with a robust trading volume of 384.79M, and a positive year-to-date (YTD) percentage change of +3.57%, showcasing its strong market performance.

Latest developments on China Tower

China Tower’s stock price saw fluctuations today as news of a proposed ‘Chinese super embassy’ in London went to public inquiry. This development comes amidst growing tensions between China and the UK, with investors closely monitoring the situation for any potential impact on China Tower’s operations. The company, a major player in the telecommunications industry, is expected to navigate these geopolitical challenges as they continue to expand their infrastructure network. Analysts are keeping a close eye on how these events will influence China Tower’s stock performance in the coming days.

China Tower on Smartkarma

Analyst coverage on China Tower by Brian Freitas on Smartkarma indicates that the company may replace CICC in the FXI at the close on 20 Sep. Passives are expected to buy 2x ADV in China Tower. There appears to be more positioning and short interest in CICC compared to China Tower. The listing of Midea Group Co Ltd A (000333 CH) H-shares could result in another change for the ETF before the next scheduled rebalance in December.

In another report by Brian Freitas on Smartkarma, it is suggested that China Tower could potentially replace CICC in the FXI in September. Shorts have been covering China Tower while increasing in CICC, and the cumulative excess volume curve has flattened out. With the review cutoff completed, only one change is expected for the iShares China Large-Cap (FXI) ETF in September. China Tower is seen as a high probability inclusion, while CICC is a high probability deletion. Both stocks have seen an increase in cumulative excess volume in recent months, although the pace has slowed down recently.

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 leading telecommunication company in China, is positioned for a bright future according to Smartkarma Smart Scores. With top scores in both value and dividend, the company is seen as a solid investment with strong returns for shareholders. While growth and resilience scores are slightly lower, the company’s momentum score indicates positive upward movement in the market.

As China Tower continues to expand its telecommunication towers construction and maintenance services across China, investors can expect steady growth and stable dividends. Despite a lower resilience score, the company’s overall outlook remains positive, supported by its strong value proposition and consistent dividend payouts. With a solid foundation in place, China Tower is poised to capitalize on the growing demand for telecommunication services in the region.

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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