0267.HK - CITIC Limited

HKSE - HKSE Delayed Price. Currency in HKD
10.120
+0.020 (+0.20%)
At close: 4:08PM HKT
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Previous Close10.100
Open10.060
Bid10.100 x 0
Ask10.120 x 0
Day's Range9.990 - 10.160
52 Week Range8.650 - 13.280
Volume9,581,332
Avg. Volume10,476,419
Market Cap294.977B
Beta (3Y Monthly)0.66
PE Ratio (TTM)5.85
EPS (TTM)1.730
Earnings DateAug 29, 2019
Forward Dividend & Yield0.36 (3.56%)
Ex-Dividend Date2019-09-13
1y Target Est12.05
  • CITIC Limited (HKG:267) Will Pay A 1.9% Dividend In 3 Days
    Simply Wall St.

    CITIC Limited (HKG:267) Will Pay A 1.9% Dividend In 3 Days

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see CITIC...

  • South China Morning Post

    Citic launches new project in Ma On Shan at 20 per cent below rivals as home sales halve since protests began

    Citic has become the latest Hong Kong developer forced into selling new flats at huge discounts to attract buyers amid a property market battered by months of civil unrest.The latest official figures released on Tuesday show that home sales have halved since the start of protests that have rocked the city.Citic launched its residential project in Ma On Shan at up to 20 per cent below the price of similar properties in the same area. On Tuesday, the builder released the first 50 units at The Entrance at an average price of HK$15,999 per square foot after factoring in a discount of up to 7 per cent.In the same area, flats at St Barths, a project built by Sun Hung Kai Properties, were being offered at around HK$20,000 per square foot, according to Louis Chan, vice-chairman of Asia-Pacific residential division at Centaline Property Agency.The discounted prices were announced as the Land Registry released data showing home sales " for both new and used properties " had dropped to 4,084 in August, the lowest of the year.That is roughly half the 8,208 sales in May, before the start of pro-democracy protests that have gone on to hit retail sales and visitor numbers. The prolonged trade dispute between Washington and Beijing has also dampened appetite."Homes sales plunged significantly in August as buying desire hit by the widespread social movement and escalated US-China trade war dampened buying interest," said Chan.In a bid to woo buyers, other developers have been forced to offer their projects at lower prices.Last Friday, Wheelock Properties managed to shift 88 per cent of units at its Marini development in Lohas Park, Tseung Kwan O, on the first day of sales. The strong performance came after Wheelock priced Marini at 8 per cent below properties sold in the area just two months ago. Protests could be 'catastrophic' for economy as tourists shun Hong KongBillion Development & Project Management sold 570 units at The Aurora in Tsuen Wan over two weekends in late August, after pricing them 10 per cent lower than the nearest project in the neighbourhood.The political tension in the city and the US-China trade war have crimped total sales, although sales of new homes are holding up largely because developers are pricing lower, said Thomas Lam, head of valuation and advisory at consultancy Knight Frank.. "The second-hand market is under pressure, and some owners, especially those with less holding power are willing to reduce their asking price, allowing more room for negotiation," he said.Citic insisted appetite for property remained strong in the face of the increasingly violent street rallies that have shaken the city to its foundations."We have seen quite good sales of new projects in August despite the recent unstable sentiment. It reflects the strong demand for homes and [the fact] our first launch prices are competitive," said Cindy Kwan, a director at Citic Pacific Property Agents, a wholly owned subsidiary of Citic."It will attract potential buyers who plan to upgrade to a bigger flat."The first batch of flats at The Entrance are mostly located on lower floors but most of them command a full sea view, she said.The units on offer, with sizes ranging from 922 square feet to 1,428 square feet, are priced at HK$15.64 million to HK$21.13 million, or HK$14,298 to HK$17,934 per sq ft, after factoring in the 7 per cent discount.In May of 2015, Citic won the site for HK$1.47 billion, or HK$6,502 per square foot through government tender. Surveyors estimated the development cost would be HK$9,911 per square foot, inclusive of construction costs.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • CITIC (HKG:267) Takes On Some Risk With Its Use Of Debt
    Simply Wall St.

    CITIC (HKG:267) Takes On Some Risk With Its Use Of Debt

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • What Should We Expect From CITIC Limited's (HKG:267) Earnings Over The Next Few Years?
    Simply Wall St.

    What Should We Expect From CITIC Limited's (HKG:267) Earnings Over The Next Few Years?

    CITIC Limited's (HKG:267) most recent earnings update in April 2019 confirmed that the business experienced a robust...

  • Here's What CITIC Limited's (HKG:267) P/E Ratio Is Telling Us
    Simply Wall St.

    Here's What CITIC Limited's (HKG:267) P/E Ratio Is Telling Us

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Should You Like CITIC Limited’s (HKG:267) High Return On Capital Employed?
    Simply Wall St.

    Should You Like CITIC Limited’s (HKG:267) High Return On Capital Employed?

    Today we'll look at CITIC Limited (HKG:267) and reflect on its potential as an investment. Specifically, we'll...

  • Here's How We Evaluate CITIC Limited's (HKG:267) Dividend
    Simply Wall St.

    Here's How We Evaluate CITIC Limited's (HKG:267) Dividend

    Is CITIC Limited (HKG:267) a good dividend stock? How would you know? Dividend paying companies with growing earnings...

  • Is CITIC Limited (HKG:267) Potentially Underrated?
    Simply Wall St.

    Is CITIC Limited (HKG:267) Potentially Underrated?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Reuters

    China's CITIC picks up additional stake in Ivanhoe Mines for C$612 mln

    Ivanhoe Mines Ltd said on Thursday a unit of Chinese state-run conglomerate CITIC Ltd has agreed to invest an additional C$612 million ($453.77 million)in the Canadian miner to speed up production at its projects in Southern Africa. With this deal, CITIC Metal Co has brought its total investment in Ivanhoe to about C$1.3 billion, the miner said in a statement. Under the deal terms, Ivanhoe will issue 153.8 million shares to CITIC at C$3.98 per share.

  • Will CITIC Limited's (HKG:267) Earnings Grow In The Next 12 Months?
    Simply Wall St.

    Will CITIC Limited's (HKG:267) Earnings Grow In The Next 12 Months?

    As CITIC Limited (HKG:267) announced its earnings release on 31 December 2018, analysts seem fairly confident, as a 5.2% increase in profits is expected in the upcoming yea...

  • Reuters

    BRIEF-CITIC Says Paul Chow Man Yiu To Retire As Independent Non-Executive Director

    March 29 (Reuters) - CITIC Ltd: * PAUL CHOW MAN YIU WILL RETIRE AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-CITIC Updates On Proposed Restructuring Of Daye Special Steel

    March 29 (Reuters) - CITIC Ltd: * UPDATES ON PROPOSED RESTRUCTURING OF DAYE SPECIAL STEEL * DAYE SPECIAL STEEL APPROVE AGREEMENT WITH SELL SIDE CO'S, FIXING FINAL VALUE FOR 86.50 PERCENT STAKE IN XINGCHENG ...

  • Reuters

    BRIEF-CITIC Posts FY Profit Attributable Of HK$50,239 Mln

    March 29 (Reuters) - CITIC Ltd: * FY PROFIT ATTRIBUTABLE HK$50,239 MILLION VERSUS HK$43,902 MILLION * FY NET INTEREST INCOME HK$126,253 MILLION VERSUS HK$116,682 MILLION * FY TOTAL REVENUE HK$533,285 MILLION ...

  • Reuters

    BRIEF-Citic Announces Resignation Of Lee Boo Jin As An Independent Non-Executive Director & Member Of Nomination Committee

    March 28 (Reuters) - CITIC Ltd: * ANNOUNCES RESIGNATION OF LEE BOO JIN AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND A MEMBER OF NOMINATION COMMITTEE OF CO * APPOINTS GREGORY LYNN CURL AS AN INDEPENDENT ...

  • Metro's $1.5 Billion China Sale Draws Tencent, Citic PE Interest
    Bloomberg

    Metro's $1.5 Billion China Sale Draws Tencent, Citic PE Interest

    The business, which could fetch at least $1.5 billion, has also drawn interest from local supermarket operator Yonghui Superstores Co., the people said. The German retailer is willing to sell as much as 80 percent of the Chinese business while retaining a significant minority if an attractive offer is made, Bloomberg News reported last month. The company picked Citigroup Inc. and JPMorgan Chase & Co. to run a review of its Chinese business, people with knowledge of the matter said last year.

  • Reuters

    BRIEF-Citic Ltd Says Pu Jian Resigns As Executive Director, Vice President

    Feb 21 (Reuters) - CITIC Ltd: * PU JIAN RESIGNS AS EXECUTIVE DIRECTOR, VICE PRESIDENT Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-Citic Ltd Says Wu Youguang Resigns As A Non-Executive Director

    Jan 29 (Reuters) - CITIC Ltd: * WU YOUGUANG RESIGNS AS A NON-EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:

  • Why CITIC Limited’s (HKG:267) Return On Capital Employed Might Be A Concern
    Simply Wall St.

    Why CITIC Limited’s (HKG:267) Return On Capital Employed Might Be A Concern

    Today we are going to look at CITIC Limited (HKG:267) to see whether it might be an attractive investment prospect. In particular, we'll consider its Return On Capital Employed (ROCE), Read More...

  • Reuters

    BRIEF-Citic, Itochu Establish Investment Fund For Building Data Centers In China - Nikkei

    Jan 14 (Reuters) - CITIC Ltd: * CITIC WILL ESTABLISH AN INVESTMENT FUND IN SINGAPORE WITH JAPANESE TRADING HOUSE ITOCHU FOR BUILDING DATA CENTERS IN CHINA - NIKKEI * FUND WILL START OUT WITH INVESTMENTS ...

  • Reuters

    BRIEF-CITIC Ltd Updates On The Proposed Restructuring Of Daye Special Steel

    Jan 2 (Reuters) - CITIC Ltd: * DAYE SPECIAL STEEL ENTERED ASSETS PURCHASE AGREEMENT WITH SELL SIDE COMPANIES TO ACQUIRE 86.50% STAKE IN XINGCHENG SPECIAL STEEL * REFERENCE CONSIDERATION FOR PURPOSES OF ...

  • Simply Wall St.

    Should CITIC Limited (HKG:267) Be Part Of Your Dividend Portfolio?

    A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Historically, CITIC Limited (HKG:267) has been paying a dividend to Read More...

  • Reuters

    BRIEF-Citic Ltd Says Citic Envirotech Secures Two Engineering, Procurement And Construction Projects

    Dec 6 (Reuters) - CITIC Ltd: * CITIC ENVIROTECH SECURED TWO ENGINEERING, PROCUREMENT AND CONSTRUCTION PROJECTS WORTH RMB490 MILLION Source text for Eikon: Further company coverage: