
China Tower (788)
1.08 HKD -0.02 (-1.82%) Volume: 310.0M
China Tower’s stock price stands at 1.08 HKD, recording a trading session drop of -1.82%, despite a robust YTD performance with a rise of +31.71%, and a substantial trading volume of 310.0M, showcasing the stock’s dynamic market activity.
Latest developments on China Tower
China Tower, a key player in the DAS & Small Cell Deploy Service market, has seen its stock price movements today following a surge in demand for telecom infrastructure services. With competitors like INWIT, Cellnex, American Tower, and Bharti also making waves in the industry, China Tower has been working diligently to maintain its position as a leader in the market. As the market continues to boom worldwide, investors are closely monitoring China Tower’s stock price movements to capitalize on the growing opportunities in the telecom infrastructure sector.
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 likely to replace China International Capital Corporation (3908 HK) in the iShares China Large-Cap (FXI) ETF at the close on 20 September. Passives will need to buy 2x ADV in China Tower, and there appears to be more positioning and short interest in CICC compared to China Tower. The listing of Midea Group Co Ltd A (000333 CH) H-shares could also impact the ETF prior to 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 while increasing in CICC, and the cumulative excess volume curve has flattened out recently. With the review cutoff completed, only one change is expected for the ETF in September. China Tower is considered a high probability inclusion, while CICC is likely to be deleted. The pace of cumulative excess volume increase for both stocks has slowed down in the recent past.
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, has received high scores in Value and Dividend, indicating a positive long-term outlook for the company. With strong financials and a commitment to shareholder returns, China Tower is positioned well to weather market fluctuations and provide consistent dividends to investors.
Although the company scored lower in Growth, Resilience, and Momentum, the overall outlook for China Tower remains optimistic. With a solid foundation in place and a focus on providing essential telecommunication services throughout China, China Tower is poised for continued success in the long term.
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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