China Tower’s Stock Price Soars to 1.11 HKD, Witnessing a Robust Increase of +4.72%

China Tower (788)

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

China Tower’s stock price is currently performing strongly at 1.11 HKD, showcasing an impressive trading session increase of +4.72% and a remarkable year-to-date growth of +35.37%. With a high trading volume of 527.6M, China Tower (788) continues to emerge as a promising investment in the stock market.

Latest developments on China Tower

China Tower Corporation Limited’s stock price has seen a positive movement recently, with a bullish block trade of 6 million shares at $1.09 each, resulting in a turnover of $6.54 million. Shareholders of the company, listed as CHINA TOWER(00788) on the stock exchange, should be pleased with this development as it indicates a growing confidence in the company’s performance and potential for future growth.

China Tower on Smartkarma

Analysts on Smartkarma, such as Brian Freitas, have been closely following the analyst coverage of China Tower (788 HK). In a recent report titled “FXI Rebalance: China Tower (788 HK) Will Replace CICC (3908 HK)”, it was noted that China Tower will replace China International Capital Corporation in the iShares China Large-Cap ETF at the close on 20 September. The report highlights an increase in positioning and short interest in CICC compared to China Tower, indicating a potential shift in the ETF composition.

Another report by Brian Freitas, titled “FXI Rebalance Preview: China Tower (788 HK) Could Replace CICC (3908 HK)”, suggests that China Tower is a high probability inclusion in the upcoming ETF rebalance, while CICC is likely to be deleted. The report points out that shorts have been covering China Tower and increasing in CICC, with a slowdown in cumulative excess volume for both stocks. Analysts anticipate potential changes in the ETF composition based on these trends.

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 telecommunication company operating in China, has received high scores in value and dividend, indicating a positive long-term outlook for the company. With strong fundamentals in these areas, investors may find China Tower to be a reliable investment option. However, the company scored lower in growth and resilience, which may pose some challenges in terms of future expansion and sustainability. Despite this, China Tower’s momentum score suggests some potential for growth in the near future.

Overall, China Tower’s Smart Scores paint a mixed picture for the company’s long-term prospects. While it excels in value and dividend, indicating stability and profitability, its lower scores in growth and resilience may raise some concerns. Investors looking to capitalize on China’s telecommunication sector should consider these factors carefully before making investment decisions in China Tower.

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.
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