|Bid||11.740 x 0|
|Ask||11.760 x 0|
|Day's range||11.520 - 11.760|
|52-week range||10.700 - 12.800|
|PE ratio (TTM)||7.77|
|Forward dividend & yield||0.36 (3.11%)|
|1y target est||12.45|
State-run Chinese conglomerate CITIC Group is conducting due diligence on CEFC China Energy's stake in onshore oil fields in Abu Dhabi as CITIC prepares, under the Chinese government's direction, to possibly take over CEFC's energy business, said two sources with knowledge of the matter. CITIC is examining CEFC Energy's 4 percent holding in onshore oil fields operated by Abu Dhabi National Oil Co that it paid $900 million for in 2017, said a source briefed on the matter.
State-run Chinese conglomerate CITIC and CEFC Europe, the Czech-based unit of China's CEFC, have signed a memorandum of understanding to establish a joint venture, the Czech president's spokesman said. A CITIC delegation, including its chairman, met Czech President Milos Zeman on Wednesday, amid reports it would join forces with CEFC Europe as CEFC comes under pressure. Zeman is pursuing closer economic ties with China, and CEFC has been a top Chinese investor in the central European country.
(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions ...
April 17 (Reuters) - CITIC Ltd: * APPOINTS SHOHEI HARADA AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR * ANNOUNCES RESIGNATION OF NORIHARU FUJITA FROM BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Source text ...
Czech President Milos Zeman will meet a delegation from Chinese state-run conglomerate CITIC , including chairman Chang Zhenming, his spokesman said on Tuesday, amid reports it could take a stake in another Chinese group's Czech investments. Reuters reported last month that CITIC was in talks to take a stake in Chinese group CEFC's Czech-based unit CEFC Europe, which has bought a number of assets in the Czech Republic.
March 28 (Reuters) - Citic Ltd: * CO ENTERED ALUMINIUM ALLOY HUB PROCUREMENT FRAMEWORK AGREEMENT WITH CITIC GROUP Source text for Eikon: Further company coverage:
March 28 (Reuters) - Citic Ltd: * FY PROFIT ATTRIBUTABLE HK$43.90 BILLION VERSUS HK$43.15 BILLION * FY TOTAL REVENUE HK$450.54 BILLION VERSUS HK$381.66 BILLION * FY NET INTEREST INCOME HK$116.68 BILLION ...
March 19 (Reuters) - CITIC Ltd: * APPOINTS WU YOUGUANG AS A NON-EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:
Chinese conglomerate CITIC Ltd said it would book an impairment of $800 million to $1 billion on the value of its Sino Iron project in Australia for fiscal 2017. "Impairment is a non-cash accounting item, but it will reduce the company's 2017 reported profits," Chairman Chang Zhenming said a filing to the Hong Kong bourse late on Sunday. In November, the Supreme Court of Western Australia awarded Australian businessman Clive Palmer's company about $150 million in damages in a dispute with CITIC regarding Sino Iron mine.
Jan 30 (Reuters) - Youngor Group Co Ltd: * SAYS PRELIM 2017 NET PROFIT DOWN 90.4 PERCENT Y/Y AT 355 MILLION YUAN ($56.18 million) * SAYS IT SETS ASIDE PROVISION OF 3.3 BLN YUAN FOR ASSET IMPAIRMENT RELATED ...
Citic Agri Fund, an investment vehicle created by China’s largest conglomerate, has chosen Brazil as the platform for its global strategy in agriculture.
MELBOURNE/SYDNEY (Reuters) - Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Australia's summer, which starts on Friday, is forecast to be hotter-than-normal in the nation's southeast, already helping double wholesale power prices in the wind-dependent state of South Australia to almost A$170 ($129) per megawatt hour (MWh) (SA-FLAT). The threat has prompted top global miner BHP Billiton (BHP.AX)(BLT.L) to install 30 megawatts of diesel generation at its Olympic Dam copper mine in South Australia, which was forced to close for two weeks last year after a state-wide blackout that cost it $105 million.
Nov 24 (Reuters) - CITIC Ltd: * Notes judgement by Supreme Court of Western Australia on dispute with Mineralogy Pty Ltd * Says co is "disappointed" with Supreme Court's judgment; says co is ...
Dah Chong Hong Holdings Limited announced today that it will partner with its parent company, CITIC Pacific Limited , a wholly-owned subsidiary of CITIC Limited, to establish an investment fund -- Tamar ...