China Tower’s Stock Price Soars to 1.12 HKD, Marking a Stellar Gain of +2.75%

China Tower (788)

1.12 HKD +0.03 (+2.75%) Volume: 347.5M

China Tower’s stock price is currently performing at 1.12 HKD, witnessing a promising rise of +2.75% this trading session, backed by a hefty trading volume of 347.5M. Despite a flat year-to-date (YTD) change, the robust trading activity signals potential for future growth.

Latest developments on China Tower

China Tower (HKG:788) has recently seen an increase in its returns on capital, indicating positive performance. Today, the stock price experienced fluctuations due to significant block trades. A bearish block trade of 2 million shares at $1.09 led to a turnover of $2.18 million, while a bullish block trade of 3.3 million shares at $1.12 resulted in a turnover of $3.696 million. These trades have influenced the stock price movements of China Tower today.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma indicates potential changes in the iShares China Large-Cap (FXI) ETF. According to Brian Freitas, China Tower (788 HK) is a high probability inclusion while China International Capital Corporation (3908 HK) is likely to be deleted from the ETF at the close on 20 September. Passives will need to buy 2x ADV in China Tower, and there has been a noticeable increase in cumulative excess volume for both stocks in recent months. Shorts have been covering China Tower and increasing in CICC, suggesting a shift in positioning in the market.

Freitas also suggests that there could be another change for the FXI ETF in September if Wuxi Apptec underperforms other stocks by 3% over the next 4 weeks. China Tower remains a potential inclusion while CICC is expected to be deleted from the ETF. Shorts have been decreasing in China Tower and increasing in CICC, indicating a possible shift in sentiment towards these companies. With the upcoming rebalance, investors will be closely watching for any further developments in the market.

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 Value and Dividend, indicating strong financial health and potential for returns for investors. However, the company scored lower in Growth and Resilience, suggesting challenges in expanding its operations and potential vulnerability to market fluctuations. With a solid score in Momentum, China Tower shows promise in maintaining its current upward trajectory in the telecommunications industry.

Looking ahead, China Tower’s long-term outlook appears positive with its strong Value and Dividend scores. Despite lower scores in Growth and Resilience, the company’s Momentum score indicates a potential for continued success in the telecommunications sector. As China Tower continues to provide telecommunication tower construction and maintenance services throughout China, investors may find opportunities for growth and stability in the company’s stock.

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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