
China Tower (788)
1.08 HKD +0.01 (+0.93%) Volume: 217.4M
China Tower’s stock price is currently standing at 1.08 HKD, marking a positive change of +0.93% in the latest trading session with a substantial trading volume of 217.4M. Remarkably, the stock has also registered a robust YTD increase of +31.71%, showcasing its strong performance in the market.
Latest developments on China Tower
China Tower’s stock price saw a positive movement today following a bullish block trade of 2 million shares at $1.07, resulting in a turnover of $2.14 million. This news comes amidst Tower Hamlets council’s rejection of the Chinese embassy by the iconic Tower of London, highlighting potential geopolitical tensions that may impact the company’s operations and stock performance in the future.
China Tower on Smartkarma
Analyst coverage on China Tower on Smartkarma indicates potential changes in the FXI ETF in September. 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. Passives may need to buy 2x ADV in China Tower due to the upcoming rebalance. Short interest in China Tower has been decreasing, while it has been increasing in CICC.
Freitas also notes that there could be another change for the FXI ETF if Wuxi Apptec underperforms other stocks by 3% over the next 4 weeks. China Tower remains a potential inclusion, with shorts near their lows, while shorts in CICC have been increasing. The analyst reports suggest that positioning and short interest favor China Tower over China International Capital Corporation in the upcoming rebalance.
A look at China Tower Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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, shows a promising long-term outlook based on its Smartkarma Smart Scores. With high scores in Value and Dividend, the company is seen as a solid investment choice for those looking for stability and returns. However, its lower scores in Growth, Resilience, and Momentum indicate potential challenges in terms of future expansion and market performance.
Despite facing some hurdles in growth and resilience, China Tower remains a strong player in the telecommunication industry, providing essential services such as towers construction and maintenance throughout China. Investors may find comfort in the company’s consistent dividend payouts and overall value proposition, making it a reliable choice for those seeking steady returns 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.
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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