
China Tower (788)
1.13 HKD -0.01 (-0.88%) Volume: 141.06M
China Tower’s stock price currently stands at 1.13 HKD, experiencing a slight dip of -0.88% in this trading session with a trading volume of 141.06M. Despite the minor setback, the stock maintains a positive year-to-date (YTD) performance, marking an increase of +0.89%.
Latest developments on China Tower
China Tower’s stock price experienced fluctuations today following a series of key events in the telecommunications industry. The company announced a strategic partnership with several major mobile operators to accelerate the development of 5G infrastructure, boosting investor confidence in the stock. However, concerns over potential regulatory challenges in the sector led to some selling pressure, causing the stock price to dip briefly. Despite this, overall market sentiment remains positive towards China Tower as they continue to expand their network coverage and technological capabilities in the competitive telecom market.
China Tower on Smartkarma
Analyst coverage on China Tower on Smartkarma suggests that the company could replace China International Capital Corporation (CICC) in the iShares China Large-Cap (FXI) ETF at the close on 20 September. According to Brian Freitas, there appears to be more positioning and short interest in CICC compared to China Tower. The listing of Midea Group Co Ltd A H-shares could also lead to another change for the ETF before the next scheduled rebalance in December.
In another report by Brian Freitas on Smartkarma, it is predicted that China Tower has a high probability of inclusion in the FXI ETF, potentially replacing CICC in September. Shorts have been covering China Tower while increasing in CICC, and the cumulative excess volume curve has flattened out recently. The review cutoff has been completed, and only one change is expected for the ETF in September. Both stocks have seen an increase in cumulative excess volume in the last few months, although the pace has slowed down recently.
A look at China Tower Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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, shows strong performance in value and dividend scores according to Smartkarma Smart Scores. With top marks in both categories, the company is seen as a solid investment with steady returns for shareholders. However, its growth and resilience scores are slightly lower, indicating potential challenges in expanding its business and navigating market fluctuations. Despite this, China Tower maintains a strong momentum score, suggesting positive market sentiment and potential for continued growth in the future.
China Tower Corporation Limited operates as a telecommunication company, providing services throughout China. The company’s high value and dividend scores reflect its stability and attractiveness to investors, while its lower growth and resilience scores may pose some challenges in the long term. With a solid momentum score, China Tower appears to be on a positive trajectory for future success, supported by its strong foundation in telecommunications infrastructure and services.
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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