In a report, JP Morgan said that I.T (00999.HK) -0.050 (-1.969%) 's
operating profit excluding interest and tax was in line with the
estimate. The broker took a more cautious view on the company's Hong
Kong business, believing that the company is facing the risk of
recording sluggish sales. Rating was downgraded from Overweight to
Neutral, with target price lowered from $3.3 to $2.7.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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