China Tower’s Stock Price Soars to 1.11 HKD, Registering an Impressive Gain of +4.72%

China Tower (788)

1.11 HKD +0.05 (+4.72%) Volume: 527.6M

China Tower’s stock price has shown a robust performance, currently trading at 1.11 HKD with a significant trading session increase of +4.72%. The trading volume stands at a massive 527.6M, reflecting the strong market interest. With a remarkable year-to-date percentage change of +35.37%, the company’s stock continues to exhibit an upward trend, making it a strong contender in the market.

Latest developments on China Tower

Shareholders of China Tower Corporation Limited (HKG:788) should be pleased with the recent bullish block trades of 5 million shares at $1.09, resulting in a turnover of $5.45 million, followed by another bullish block trade of 6 million shares at the same price, with a turnover of $6.54 million. These positive trading activities have likely contributed to the stock price movements today, indicating investor confidence in the company’s performance and potential growth.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma by Brian Freitas suggests that China Tower (788 HK) is likely to replace China International Capital Corporation (3908 HK) in the iShares China Large-Cap (FXI) ETF at the close on 20 September. The analysis indicates that there is more positioning and short interest in CICC compared to China Tower. Passives will need to buy 2x ADV in China Tower, and shorts have been covering China Tower while increasing in CICC.

In another report by Brian Freitas on Smartkarma, it is anticipated that there will be one change for the FXI ETF in September, with the potential inclusion of China Tower and deletion of China International Capital Corporation. The research highlights that shorts have been dropping in China Tower and are near their lows, while increasing in CICC. The analysis indicates that China Tower is a high probability inclusion in the upcoming rebalance, with passives needing to trade 1x ADV.

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 telecommunications company operating in China, has received high scores in both value and dividend categories according to Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of financial stability and potential returns for investors. However, its growth score is slightly lower, suggesting that while the company is strong in current value and dividends, there may be limitations to its future expansion.

Additionally, China Tower’s resilience and momentum scores are moderate, indicating some level of stability and growth potential in the market. Overall, with strong value and dividend scores, China Tower appears to be a solid investment option for those looking for steady returns in the telecommunications industry in China.

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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