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CITIC Telecom (01883.HK) plans to hold a board of directors meeting on August 16 to approve its interim performance.
Citic Telecom (01883.HK) announced on August 6 that the board of directors meeting will be held on August 16, 2024 (Friday) to approve the interim performance of the company and its affiliated companies for the six months ending on June 30, 2024, and consider declaring interim dividends (if any).
CITIC TELECOM: Date of Board Meeting
CITIC Telecom International Holdings Limited (HKG:1883) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough
Hong Kong stocks are about to enter the performance period, and it is expected that there will be few bullish news to cash in.
Authored by / ATFX. Hong Kong stocks started the week with a rebound of more than 200 points, and the unexpected key interest rate cut by the central bank became the key to driving the rebound. On Tuesday, the rebound pattern continued. In addition, some of the Hong Kong stock market, which is ready to enter the performance period, is also guided by performance forecasts, but there are not enough bright profit surprises to boost the overall market. Xinyi Energy (03868) is expected to see a 25% to 35% drop in mid-term profit, and the group expects that its net profit for the six months ending in June will be reduced by 25% to 35%. Its profit in the same period last year was 0.568 billion yuan. The stock price has fallen for three consecutive days, and it further hit a decline of more than 3% today. The company points out that it owned solar energy in the first half of the year.
HK stocks are fluctuating. CITIC Telecom (01883) opened more than 12% lower after warning of earnings. The estimated net profit for the mid-term is about 455 million Hong Kong dollars, a year-on-year decrease of 37%.
Citic Telecom (01883) opened more than 12% lower after profit warning. As of press time, it fell 12.36% to HKD 2.34 with a turnover of HKD 6.772 million.
CITIC Telecom International Warns of 37% Drop in H1 Profit
CITIC Telecom International Holdings Limited Just Missed Revenue By 5.5%: Here's What Analysts Think Will Happen NextNo Data
