$WELLCELL HOLD(02477.HK) remained flat, $ZTE(00763.HK) dipped slightly. Both telecom stocks were quiet today — $WELLCELL HOLD(02477.HK) is a small-cap satellite communications stock in Hong Kong with no specific catalyst; $ZTE(00763.HK) is a 5G equipment + AI server integrator, waiting for Q2 earnings.
Hong Kong telecom small-cap and large-cap stocks are both stable. When VIX fell to 17, the "backup" funds for such high-dividend, stable sectors were actually neglected.
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