China Tower’s Stock Price Soars to 1.13 HKD, Showcasing a Robust 1.80% Increase

China Tower (788)

1.13 HKD +0.02 (+1.80%) Volume: 252.59M

China Tower’s stock price sees a positive surge, trading at 1.13 HKD with a significant session increase of +1.80%. The telecom giant’s stock continues to attract investors with a high trading volume of 252.59M, marking a promising year-to-date percentage change of +0.89%.

Latest developments on China Tower

Today, China Tower (00788) experienced mixed stock price movements following bullish and bearish block trades. A bullish block trade of 6 million shares at $1.12 resulted in a turnover of $6.72 million, while another bullish trade of 2.4 million shares at the same price generated a turnover of $2.688 million. However, a bearish block trade of 8.8 million shares at $1.11 led to a turnover of $9.768 million. These trades have influenced the stock price of China Tower today as investors react to the buying and selling activities.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma indicates potential changes in the iShares China Large-Cap (FXI) ETF in September. According to Brian Freitas, China Tower (788 HK) is a high probability inclusion, replacing China International Capital Corporation (3908 HK). Short interest in China Tower has been decreasing, while increasing in CICC. Passives will need to buy 2x ADV in China Tower as part of the rebalance.

Freitas also suggests that there may be another change if Wuxi Apptec underperforms other stocks by 3% over the next 4 weeks. Shorts in China Tower are near their lows, while shorts in CICC are on the rise. Overall, the analyst sentiment leans bullish on China Tower, with potential shifts in the ETF composition expected in the coming months.

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 a strong focus on providing telecommunication towers construction, maintenance, and ancillary facilities management services, China Tower is well-positioned to capitalize on the growing demand for telecommunications infrastructure in the country.

Although the company scored lower in Growth and Resilience, its Momentum score of 4 suggests that China Tower is on a positive trajectory. Investors may find China Tower an attractive option for its value and dividend potential, supported by its solid foundation in the telecommunication industry across 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.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma