01883 CITIC TELECOM
- 2.310
- +0.030+1.32%
CITIC TELECOM News
CITIC Telecom Renews Lease With Connected Entity
CITIC Telecom (01883.HK) has entered into a major property leasing agreement for 2024.
On September 17th, citic telecom (01883.HK) announced that the main property leasing agreements for 2021 will expire on September 19th, 2024. The board of directors announced that on September 17th, 2024, the tenant (the company's wholly-owned subsidiary and the tenant of the main property) entered into a 2024 main property leasing agreement with Tendo to renew the lease of the main property. The main property includes the entire 5th floor of the Yau Lai Chau property, part of the ground floor, part of the 3rd floor platform, part of the rooftop, as well as the area for storing cable ducts and bridges, with a total floor area of approximately 61,584 square feet.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The "Notice" is based on the development pace of the mobile internet of things industry and the current situation of mobile internet of things applications in various industries, and clearly defines the development goals of mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, i.e. 4G networks with category 1 speed) and 5G (including NB-IoT, narrowband internet of things.
CITIC TELECOM: 2024 Interim Report
CITIC TELECOM To Go Ex-Dividend On September 6th, 2024 With 0.06 HKD Dividend Per Share
August 16th (Beijing Time) - $CITIC TELECOM(01883.HK)$ is trading ex-dividend on September 6th, 2024.Shareholders of record on September 9th, 2024 will receive 0.06 HKD dividend per share on
CITIC Telecom International Records 37% Lower Profit in H1; Shares Down 20%
Citic Telecom (01883.HK) rose more than 3%, earning nearly 37% less in the first half of the year, with dividends remaining unchanged.
Citic Telecom (01883.HK) announced today (16th) that it earned nearly 37% less in the first half of the year, but the interim dividend remained unchanged. Its stock price rose in the afternoon and is currently at 2.19 yuan, up by 3.79%, with a turnover of 5.633 million shares and involving a capital of 12.1464 million yuan. Citic Telecom's revenue for the first half of the year was 4.889 billion yuan, a YoY decrease of 8.2%. Its net profit was 0.455 billion yuan, a YoY decrease of 36.9%, with an earnings per share of 12.3 cents. It declared an interim dividend of 6 cents, which is the same as last year.
CITIC Telecom Announces Digital Push Amidst Revenue Dip
Citic Telecom Declares Interim Dividend of HK$0.06 >1883.HK
Citic Telecom: Looking to Expand Overseas Business, Including Into Southeast Asia >1883.HK
Citic Telecom (01883.HK) recorded a 36.9% decrease in net profit for the first half of the year, down to 0.455 billion yuan. The interim dividend per share is 6 Hong Kong cents.
On August 16, Guolong News reported that Citic Telecom (01883.HK) announced its interim results. In the first half of 2024, the group's total revenue was HKD 4.889 billion (hereinafter referred to as "yuan"), a decrease of 8.2% from the same period last year; main telecommunications service revenue was HKD 4.16 billion, a decrease of 11.3% from the same period last year. The company's shareholders' attributable net profit was HKD 0.455 billion, a decrease of 36.9% from the same period last year, or a decrease of 36.4% compared to the same period last year without taking into account the impact of investment property revaluation. In the first half of the year, basic earnings per share were 12.3 Hong Kong cents, a decrease of 36.9% from the same period last year. The board of directors announced a distribution of 20.
Citic Telecom 1H Rev HK$4.89B Vs. HK$5.33B >1883.HK
CITIC TELECOM: Announcement of Interim Results for the Six Months Ended 30 June 2024
Approaching the turning point of negative growth? Hong Kong's telecommunication sector tumbled collectively. Institutions said that the operators have shown signals of slowing growth.
Which bearish factors are continuing to ferment in the telecommunications sector, where the three major operators are leading the decline of Hong Kong stocks? How will the market be affected as institutions claim that signals of decelerated growth have emerged among operators?
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
Report: Datacenter oversupply expected to gradually ease after mid-2025.
CBRE Group's latest research report points out that geopolitical challenges continue to affect Hong Kong's multinational retail and corporate companies' datacenter plans, while the mainland's economic slowdown has also reduced the activity of mainland tenants. The report also shows that the recent datacenter supply has exceeded demand, resulting in a rise in vacancy rates. Although mainland and international mega-corporations dominate most of the absorption, Hong Kong's information technology service providers have also driven absorption in the Asia-Pacific region. The supply wave is expected to continue until mid-2025, and then gradually slow down, leading to a more balanced supply and demand situation in the long run. CBRE Group's Hong Kong Advisory and Transaction Services - Industrial.
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 Holdings Sees 1H Net HK$455M, Down 37% on Year >1883.HK
CITIC Telecom Forecasts Sharp Profit Decline
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