|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.20 - 13.20|
|52 Week Range||13.20 - 18.57|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||4.40|
|Forward Dividend & Yield||0.47 (3.53%)|
|Ex-Dividend Date||Jul 12, 2019|
|1y Target Est||N/A|
China International Capital Corporation Limited ("CICC" or "the Company", Stock code: 3908.HK) announced its annual results for the twelve months ended December 31, 2019. As at the end of 2019, the total assets of the Group amounted to RMB344.97 billion, representing an increase of 25.3% compared with the end of 2018; net assets amounted to RMB48.29 billion, representing an increase of 14.5% compared with the end of 2018. Our Group recorded total revenue and other income of RMB22.78 billion, increasing by 22.9% year on year; and net profit1 of RMB4.24 billion, increasing by 21.4% year on year, with a weighted average return on net assets of 9.6%.
Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs. Strategists are busy meeting anxious investors online to dispense tips on how to trade the coronavirus, while fund managers aggressively pitch products via live video streaming, with face-to-face conferences banned and many offices still closed. The virus has been a blow to China's already-slowing economy, prompting Beijing to boost financial support to avoid a deeper hit to economic growth.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Railway Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
BEIJING, Sept. 24, 2019 /PRNewswire/ -- China International Capital Corporation Limited (CICC, 3908.HK) announced today that the Company entered into a shareholders' agreement with Tencent Digital (Shenzhen) Limited ("Tencent Digital"), an indirect wholly-owned subsidiary of Tencent Holdings Limited (Tencent, 700.HK), pursuant to which the parties agreed to establish a technological joint venture. The technological joint venture is proposed to, through providing technological platform development and digitalized operational support services, facilitate the Company's wealth management, retail brokerage and other businesses to provide more convenient, intelligent and differentiated wealth management solutions, enhance the service efficiency of investment consultants, optimize precision marketing and strengthen compliance and risk control.