China Tower’s Stock Price Soars to 1.12 HKD, Showcasing Stellar Performance with 3.70% Increase

China Tower (788)

1.12 HKD +0.04 (+3.70%) Volume: 410.85M

China Tower’s stock price has shown a promising performance, currently valued at 1.12 HKD, marking a positive trading session change of +3.70%. With an impressive trading volume of 410.85M and a significant YTD percentage change of +36.59%, the stock continues to demonstrate robust growth potential, making it an attractive prospect for investors interested in the Chinese market.

Latest developments on China Tower

China Tower (00788) stock price experienced fluctuations today due to several key events. A bearish block trade of 6 million shares at $1.1 with a turnover of $6.6 million set a negative tone. However, a bullish block trade of 5 million shares at $1.12 with a turnover of $5.6 million provided some positivity. Subsequent bearish block trades of 1.8 million shares at $1.1, 1.9 million shares at $1.11, and a bullish block trade of 1.5 million shares at $1.09 further influenced the stock price movements. Investors are closely monitoring these trades to gauge the market sentiment towards China Tower.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma suggests potential changes in the iShares China Large-Cap (FXI) ETF. According to Brian Freitas, there is a high probability that China Tower (788 HK) will replace China International Capital Corporation (3908 HK) in the ETF at the close on 20 September. Passives are expected to buy 2x ADV in China Tower. Cumulative excess volume and short interest have been on the rise in CICC, indicating more positioning in CICC compared to China Tower. The listing of Midea Group Co Ltd A (000333 CH) H-shares could bring further changes to the ETF before the next scheduled rebalance in December.

In another report by Brian Freitas, it is suggested that China Tower could replace CICC in the FXI ETF in September. Shorts have been covering China Tower and increasing in CICC, while the cumulative excess volume curve has flattened out recently. With the review cutoff completed, only one change is expected for the ETF. China Tower is seen as a high probability inclusion, while CICC is likely to be deleted. Although there has been an increase in cumulative excess volume for both stocks in recent months, the pace has slowed down significantly in the recent past.

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 a positive long-term outlook for investors. With a strong focus on providing telecommunication tower construction and maintenance services, the company’s solid financial performance and dividend payouts make it an attractive option for potential investors.

However, China Tower’s lower scores in Growth, Resilience, and Momentum suggest potential challenges in terms of future growth and market resilience. Despite its strong fundamentals, the company may face obstacles in adapting to changing market dynamics and maintaining momentum in the competitive telecommunication industry. Overall, while China Tower shows promise in value and dividend returns, investors should closely monitor its ability to drive growth and stay resilient in the long run.

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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