1. Homepage
  2. Equities
  3. China
  4. Shanghai Stock Exchange
  5. CITIC Securities Company Limited
  6. News
  7. Summary
    600030   CNE000001DB6

CITIC SECURITIES COMPANY LIMITED

(600030)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China stocks end lower as property sector worries, COVID-19 weigh

01/14/2022 | 02:25am EDT

SHANGHAI, Jan 14 (Reuters) - China stocks closed lower on Friday, as real estate sector woes continued to weigh on investor sentiment, while recent COVID-19 outbreaks in the country added to worries about the effect on the economy.

The blue-chip CSI300 index fell 0.8%, to 4,726.73, while the Shanghai Composite Index lost 1% to 3,521.26 points.

** For the week, the CSI300 index was down 2%, while the Shanghai Composite Index dropped 1.6%.

** China's exports and imports grew more slowly in December, but exports came in just above expectations due to ongoing solid global demand.

** As the country battles with its latest local COVID-19 outbreaks, the eastern financial hub of Shanghai suspended some tourism activities. The tourism subindex declined 2.1%.

** "Recent COVID-19 flare-ups in a few large cities are increasing the pressure on an already slowing economy," HSBC said in a note.

** "We now expect the central bank to add more stimulus by delivering a 10bp cut in key policy rates, most likely in the medium-term lending facilities (MLF) rate, which is most relevant to the real economy," HSBC added.

** Real estate developers dropped for the fourth straight session to close down 3.5%, as more cash-strapped developers scrambled to avert defaults or raise money.

** Brokerages retreated 2.6%, with CITIC Securities down 5% following a share placement plan. Banks declined 2.3%.

** Energy stocks lost 3%, with coal miners down 3.6%.

(Reporting by Shanghai Newsroom; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CITIC SECURITIES COMPANY LIMITED -2.34% 19.24 End-of-day quote.-27.15%
HSBC HOLDINGS PLC 3.57% 518.9 Delayed Quote.15.66%
ON SEMICONDUCTOR CORPORATION -2.49% 54.5 Delayed Quote.-19.76%
S&P/CITIC 300 INDEX -2.37% 3613.2 Real-time Quote.-17.59%
S&P/CITIC 50 INDEX -1.91% 3457.8 Real-time Quote.-15.99%
UNITED PARCEL SERVICE INC -0.16% 174.11 Delayed Quote.-18.77%
All news about CITIC SECURITIES COMPANY LIMITED
05/19Hong Kong Hang Seng Down 2.5% on Wall Street Cues, Tech Slump
MT
05/19Hong Kong Stocks Snap Four-Day Rally; Tech Counters Slide after Tencent's Weak Earnings
MT
05/19China Vanke Lists $9.5 Billion Bond Program on Hong Kong Bourse
MT
05/10Chinese Brokerages’ Combined Profits Plunge 46% in Q1 on Market Volatility
MT
05/06Senssun Weighing Apparatus Raises $87 Million in Private Placement; Shares Slip 3%
MT
04/29Chinese brokerage CITIC's first-quarter profit up 1.2%
RE
04/28CITIC Securities Company Limited Announces Board Appointments
CI
04/27Kingshine Electronic Nets $148 Million From Private Share Sale
MT
04/21Xiamen Port Raises $279 Million from Renminbi Bond Offering in China
MT
04/20CNOOC Rises by Daily Limit in Shanghai Trading Debut
MT
More news
Analyst Recommendations on CITIC SECURITIES COMPANY LIMITED
More recommendations
Financials
Sales 2022 80 883 M 12 156 M 12 156 M
Net income 2022 24 736 M 3 718 M 3 718 M
Net Debt 2022 44 963 M 6 758 M 6 758 M
P/E ratio 2022 11,4x
Yield 2022 3,39%
Capitalization 269 B 40 500 M 40 500 M
EV / Sales 2022 3,89x
EV / Sales 2023 3,23x
Nbr of Employees 23 696
Free-Float 75,9%
Chart CITIC SECURITIES COMPANY LIMITED
Duration : Period :
CITIC Securities Company Limited Technical Analysis Chart | 600030 | CNE000001DB6 | MarketScreener
Technical analysis trends CITIC SECURITIES COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 19,24 CNY
Average target price 28,08 CNY
Spread / Average Target 45,9%
EPS Revisions
Managers and Directors
Ming Hui Yang President & Executive Director
Benliang Shi Chief Financial Officer
You Jun Zhang Chairman
Chang Yi Zhang Chairman-Supervisory Board
Qun Li Song Chief Engineer
Sector and Competitors