China Tower’s Stock Price Surges to 1.07 HKD, Notching a Robust Gain of +2.88%

China Tower (788)

1.07 HKD +0.03 (+2.88%) Volume: 273.53M

China Tower’s stock price is currently performing at 1.07 HKD, marking a positive change of +2.88% this trading session with a trading volume of 273.53M. The stock has shown a promising trend with a year-to-date percentage increase of +30.49%, indicating its strong market presence and potential for investors.

Latest developments on China Tower

Today, China Tower’s stock price saw movements following bullish block trades of 2 million shares at $1.05 and $1.04, with turnovers of $2.1 million and $2.08 million respectively. This comes amidst growing concerns raised by the Feds about China-linked infiltration of telecom networks, potentially impacting the company’s operations and market sentiment. Investors are closely monitoring these developments as they navigate the evolving landscape of the telecommunications industry.

China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma has been positive, with Brian Freitas providing insights on the potential changes in the FXI ETF. According to the research reports, China Tower (788 HK) is likely to 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, indicating a bullish sentiment towards the company.

Furthermore, the reports suggest that shorts have been covering China Tower while increasing in CICC. The cumulative excess volume and short interest trends also favor China Tower over CICC. With potential changes on the horizon for the ETF, investors are keeping a close eye on the developments surrounding China Tower as it continues to be a high probability inclusion in the FXI ETF.

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 investors. With a strong focus on providing telecommunication towers construction and maintenance services, the company’s stable dividend yield and solid value proposition make it an attractive investment option.

However, China Tower scored lower in Growth, Resilience, and Momentum, suggesting potential challenges in these areas. While the company may face hurdles in terms of growth and resilience, its strong value and dividend scores provide a solid foundation for long-term success. Investors should carefully consider these factors when evaluating the overall outlook for 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.
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