- Net Income: Citic Ltd reported a net income of 32.11 billion yuan for the first half of 2024.
- Revenue: The company’s revenue for the same period stood at 377.65 billion yuan.
- Net Interest Income: Citic Ltd earned 74.14 billion yuan from net interest income.
- Net Fee & Commission Income: The income from fees and commissions amounted to 29.03 billion yuan.
- Capital Expenditure: The company’s capital expenditure for the first half was 13.54 billion yuan.
- Analysts’ Recommendations: The company received 3 buy ratings, 1 hold rating, and 1 sell rating.
A look at Citic Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Citic Ltd appears to have a positive long-term outlook. With top scores in both Value and Dividend, the company is seen as having strong financial health and a good track record of distributing dividends to its investors. Additionally, its Growth and Momentum scores are also above average, indicating potential for future expansion and a positive market sentiment. However, the Resilience score of 2 may raise some concerns, suggesting that the company may face challenges in maintaining stable performance in adverse market conditions.
CITIC Limited, a diversified company operating in various sectors including financial services, resources, manufacturing, real estate, and infrastructure, seems to have robust fundamentals and a shareholder-friendly approach with high scores in Value and Dividend. Although there are some weaknesses in terms of Resilience, the company’s overall outlook is promising with solid Growth and Momentum scores. Investors may find Citic Ltd attractive for its strong value proposition and consistent dividend payments amidst its diverse business operations and international presence.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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