SEHK:267Industrials
CITIC (SEHK:267) Reports 12% Revenue Decline In H1 2025
CITIC (SEHK:267) reported a 12% decline in revenue and net income for the first half of 2025, alongside announcing an interim dividend and board changes. Meanwhile, major U.S. stocks hit record highs, buoyed by inflation data and interest rate cut hopes. While CITIC's announcements might have weighed on its stock, the overall market environment provided a favorable backdrop, aligning with a 12% price increase over the week. These corporate events would have likely countered the broader...