Declared Dividend • May 20
Final dividend of HK$0.13 announced Shareholders will receive a dividend of HK$0.13. Ex-date: 26th May 2026 Payment date: 25th June 2026 Dividend yield will be 48%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ku Wen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 15
CITIC Telecom International Holdings Limited Proposes Ordinary Final Interim Dividend for the Year Ended December 31, 2025, Payable on 25 June 2026 CITIC Telecom International Holdings Limited announced that the Board recommended a final dividend of HKD 0.13 per share for 2025. Together with the 2025 interim dividend of HK 6.0 cents per share, total dividends per share for the year ended 31 December 2025 amounted to HK19.0 cents, increased 1.1% as compared to the corresponding period of the previous year. The proposed final dividend of HKD 0.13 per share per share, the payment of which is subject to approval of the shareholders at the forthcoming annual general meeting of the Company to be held on 20 May 2026, is to be payable on 25 June 2026 to shareholders whose names appear on the Register of Members of the Company on 1 June 2026. Ex-dividend date is 26 May 2026. Announcement • Mar 13
CITIC Telecom International Holdings Limited (SEHK:1883) acquired Hutchison Telephone (Macau) Company Limited for HKD 110 million. CITIC Telecom International Holdings Limited (SEHK:1883) acquired Hutchison Telephone (Macau) Company Limited for HKD 110 million in January 2026.
CITIC Telecom International Holdings Limited (SEHK:1883) completed the acquisition of Hutchison Telephone (Macau) Company Limited in January 2026. Announcement • Mar 12
CITIC Telecom International Holdings Limited, Annual General Meeting, May 20, 2026 CITIC Telecom International Holdings Limited, Annual General Meeting, May 20, 2026. Announcement • Mar 02
CITIC Telecom International Holdings Limited to Report Fiscal Year 2025 Results on Mar 12, 2026 CITIC Telecom International Holdings Limited announced that they will report fiscal year 2025 results on Mar 12, 2026 Announcement • Mar 24
CITIC Telecom International Holdings Limited Announces Board and Board Committees Changes The board of CITIC Telecom International Holdings Limited announced the following changes to the Board and Board Committees with effect from 24 March 2025: Mr. Liu Jifu, having attained the retirement age, retires as a Non-executive Director of the Company, and ceases to be a member of Remuneration Committee and Nomination Committee; Mr. Sui Chen ceases to be an Alternate Director to Mr. Liu Jifu subsequent to the retirement of Mr. Liu Jifu; Mr. Yang Feng is appointed as a Non-executive Director of the Company; Mr. Liu Kaiyuan is appointed as an Alternate Director to Mr. Yang Feng; Mr. Luo Xicheng, the Chairman of the Board and an Executive Director of the Company, is appointed as a member of Remuneration Committee; and Ms. Wang Hua, a Non-executive Director of the Company, is appointed as a member of Nomination Committee. Mr. Yang Feng, aged 42, is a director and the chief financial officer of CITIC Pacific Limited ("CITIC Pacific", the controlling shareholder of the Company). He is also a director of certain member companies of CITIC Group Corporation ("CITIC Group", the ultimate controlling shareholder of the Company), CITIC Limited (the controlling shareholder of CITIC Pacific and listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange")) and CITIC Pacific, including, inter alia, a non-independent director of CITIC Pacific Special Steel Group Co. Ltd. (listed on the Main Board of The Shenzhen Stock Exchange in the People's Republic of China ("PRC")), a non-independent director of Nanjing Iron & Steel Co. Ltd. (listed on the Main Board of The Shanghai Stock Exchange in the PRC) and an executive director of CITIC Mining International Ltd. Mr. Yang is also a non-executive director of Frontier Services Group Limited (listed on the Main Board of the Hong Kong Stock Exchange). Mr. Yang Feng holds a bachelor's degree in accounting and a master's degree in management from the Renmin University of China. He is a Certified Public Accountant of China, a senior accountant as well as having passed Level III of the Chartered Financial Analyst (CFA) exam. He has been working in CITIC Group for over 17 years, and has served as the senior roles in the financial department. He was also the chief financial officer of CITIC Medical & Health Group Co. Ltd. and the chief financial officer of CITIC Construction Co. Ltd. He has extensive experience in areas including accounting, investment and financing management. Mr. Liu Kaiyuan, aged 46, is the general manager of business development department of CITIC Pacific, the board observer of CITIC Capital Holdings Limited and a director of CITIC Australia Pty Limited. Mr. Liu Kaiyuan holds a bachelor's degree in engineering and a master's degree in business management. He has been working in CITIC Group for over 20 years, and has served in China CITIC Bank Corporation Limited, CITIC Group, CITIC Resources Holdings Limited and CITIC International Assets Management Limited. He has extensive experience in areas including financial and non-financial strategic management, budget management, mergers and acquisitions and corporate financing. Announcement • Feb 28
CITIC Telecom International Holdings Limited to Report Fiscal Year 2024 Results on Mar 12, 2025 CITIC Telecom International Holdings Limited announced that they will report fiscal year 2024 results on Mar 12, 2025 Board Change • Dec 30
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ku Wen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Dec 03
CITIC Telecom International Holdings Limited Announces Board Changes CITIC Telecom International Holdings Limited announced the following changes to the Board with effect from 6 December 2024: Mr. Zhang Bo will resign as a Non-executive Director of the Company due to work arrangement. Mr. Zhao Lei is to be appointed as a Non-executive Director of the Company. Mr. Zhang Bo has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Mr. Zhao Lei, aged 57, is currently the general manager of Technology and Digitalization Department of CITIC Group Corporation ("CITIC Group", the ultimate controlling shareholder of the Company). Mr. Zhao is a Master of Economics and an engineer and has worked in several CITIC Group companies since 1993. He served as deputy general manager of CITIC Industrial Investment Group Corp. Ltd. He also served successively as president, vice chairman and executive director of CITIC Holdings Co. Ltd. Declared Dividend • Aug 19
First half dividend of HK$0.06 announced Shareholders will receive a dividend of HK$0.06. Ex-date: 6th September 2024 Payment date: 27th September 2024 Dividend yield will be 34%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (60% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 7.8% to bring the payout ratio under control. EPS is expected to grow by 30% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: HK$0.12 (vs HK$0.20 in 1H 2023) First half 2024 results: EPS: HK$0.12 (down from HK$0.20 in 1H 2023). Revenue: HK$4.89b (down 8.2% from 1H 2023). Net income: HK$455.0m (down 37% from 1H 2023). Profit margin: 9.3% (down from 14% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 16
CITIC Telecom International Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 27 September 2024 CITIC Telecom International Holdings Limited announced interim dividend of HKD 0.06 per share for the six months ended 30 June 2024. Ex-dividend date is 06 September 2024, Record date is 13 September 2024, Payment date is 27 September 2024. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Jul 21
CITIC Telecom International Holdings Limited to Report Q2, 2024 Results on Aug 16, 2024 CITIC Telecom International Holdings Limited announced that they will report Q2, 2024 results on Aug 16, 2024 New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 16
Upcoming dividend of HK$0.19 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 13 June 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%). Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: HK$0.33 (vs HK$0.32 in FY 2022) Full year 2023 results: EPS: HK$0.33 (up from HK$0.32 in FY 2022). Revenue: HK$9.99b (down 1.2% from FY 2022). Net income: HK$1.23b (up 3.4% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 15
Final dividend of HK$0.19 announced Shareholders will receive a dividend of HK$0.19. Ex-date: 23rd May 2024 Payment date: 13th June 2024 Dividend yield will be 64%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 14
CITIC Telecom International Holdings Limited, Annual General Meeting, May 20, 2024 CITIC Telecom International Holdings Limited, Annual General Meeting, May 20, 2024. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: HK$0.33 (vs HK$0.32 in FY 2022) Full year 2023 results: EPS: HK$0.33 (up from HK$0.32 in FY 2022). Revenue: HK$10.1b (flat on FY 2022). Net income: HK$1.23b (up 3.4% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Announcement • Mar 13
CITIC Telecom International Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 13 June 2024 CITIC Telecom International Holdings Limited proposed final dividend for the year ended 31 December 2023 of HKD 0.193 per share with Ex-dividend date 23 May 2024; Record date 29 May 2024 and Payment date 13 June 2024. Date of shareholders' approval: 20 May 2024. Announcement • Mar 02
CITIC Telecom International Holdings Limited to Report Fiscal Year 2023 Results on Mar 13, 2024 CITIC Telecom International Holdings Limited announced that they will report fiscal year 2023 results on Mar 13, 2024 Announcement • Nov 29
Citic Telecom International Holdings Limited Announces Board Changes The board of directors of CITIC Telecom International Holdings Limited announced the following changes to the Board with effect from 1 December 2023: Mr. Wang Guoquan will resign as a Non-executive Director of the Company due to work arrangement; and Mr. Zhang Bo is to be appointed as a Non-executive Director of the Company. Mr. Wang Guoquan has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Mr. Zhang Bo, aged 51, is currently the General Manager of Information Technology Management Department of CITIC Group Corporation ("CITIC Group"). Mr. Zhang graduated from Beijing Union University with a Bachelor of Science degree and is an assistant engineer. Mr. Zhang had worked in the Information Technology Center of CITIC Securities Company Limited since October 1998, and served successively as Project Director, Senior Vice President, Director and Executive General Manager. He became the Deputy General Manager of Information Technology Management Department of CITICGroup in April 2016, and was appointed as the General Manager in May 2018. Mr. Zhang has extensive experience in information technology management. Announcement • Oct 14
CITIC Telecom International Holdings Limited Announces Changes to the Board and Board Committees, Effective October 27, 2023 The board of directors of CITIC Telecom International Holdings Limited announced the following changes to the Board and Board Committees with effect from 27 October 2023: Mr. Xin Yue Jiang, by reason of age, will retire as the Chairman of the Board and an Executive Director of the Company, and will cease to be the chairman and member of Nomination Committee and member of Finance Committee; and Mr. Luo Xicheng is to be appointed as the Chairman of the Board and an Executive Director of the Company, the chairman and member of Nomination Committee and member of Finance Committee. Mr. Xin joined the Company in 2008 as an Executive Director and Vice Chairman of the Board, and has been the Chairman of the Board since 19 March 2009. Mr. Luo Xicheng, aged 56, obtained a Bachelor degree of Management and a Master degree of Economics. He joined in succession large state-owned enterprises in the fields of information, aviation and electronics and government research and decision-making consulting institutions as engineer, department executive and deputy chief engineer. Mr. Luo possesses extensive theoretical knowledge and practical experience and he has excellent capabilities in macro decision-making, comprehensive management, and planning and coordination. Mr. Luo keeps abreast of development trends of electronic information and has in-depth understanding in the economic development and technological innovation in the Guangdong-Hong Kong-Macao Greater Bay Area. Mr. Luo had also participated in the planning, design, and construction of many important state engineering projects. Reported Earnings • Sep 17
First half 2023 earnings released: EPS: HK$0.20 (vs HK$0.15 in 1H 2022) First half 2023 results: EPS: HK$0.20 (up from HK$0.15 in 1H 2022). Revenue: HK$5.33b (up 7.0% from 1H 2022). Net income: HK$721.0m (up 26% from 1H 2022). Profit margin: 14% (up from 12% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.06 per share at 8.0% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 20
First half 2023 earnings released: EPS: HK$0.20 (vs HK$0.15 in 1H 2022) First half 2023 results: EPS: HK$0.20 (up from HK$0.15 in 1H 2022). Revenue: HK$5.33b (up 7.0% from 1H 2022). Net income: HK$721.0m (up 26% from 1H 2022). Profit margin: 14% (up from 12% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 19
Citic Telecom International Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payment Date Is 29 September 2023 CITIC Telecom International Holdings Limited announced interim dividend of HKD 0.06 per share for the six months ended 30 June 2023. Ex-dividend date is 08 September 2023, Record date is 15 September 2023, Payment date is 29 September 2023. Announcement • Aug 08
CITIC Telecom International Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023 CITIC Telecom International Holdings Limited announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • May 25
CITIC Telecom International Holdings Limited Announces Change of Company Secretary CITIC Telecom International Holdings Limited announced that Ms. Tso Mun Wai will retire as the Company Secretary of the Company with effect from 25 May 2023. Ms. Tso has confirmed that there is no disagreement with the Board and there is no matter relating to her retirement that needs to be brought to the attention of the shareholders of the Company. Ms. Tso has been the Company Secretary of the Company since 12 March 2007. The Board would like to express its sincere gratitude to Ms. Tso for her dedicated services and contributions made to the Company during her tenure of office. Following the retirement of Ms. Tso, the Board announced that Ms. Yip Yim Ting Fanny will be appointed as the Company Secretary of the Company with effect from 25 May 2023. Ms. Yip has joined CITIC Pacific Limited ("CITIC Pacific", the controlling shareholder of the Company) since March 2021 and is currently the General Manager of Company Secretariat of CITIC Pacific. She graduated from The University of Hong Kong and Monash University and is an associate member of The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators). Prior to joining CITIC Pacific, Ms. Yip has worked in several companies listed in Hong Kong where she gained over 10 years of experience in company secretarial area. Upcoming Dividend • May 22
Upcoming dividend of HK$0.18 per share at 7.5% yield Eligible shareholders must have bought the stock before 29 May 2023. Payment date: 14 June 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: HK$0.32 (vs HK$0.29 in FY 2021) Full year 2022 results: EPS: HK$0.32 (up from HK$0.29 in FY 2021). Revenue: HK$10.1b (up 6.6% from FY 2021). Net income: HK$1.19b (up 11% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Ku Wen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 30 September 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 18
First half 2022 earnings released: EPS: HK$0.15 (vs HK$0.14 in 1H 2021) First half 2022 results: EPS: HK$0.15 (up from HK$0.14 in 1H 2021). Revenue: HK$4.99b (up 4.2% from 1H 2021). Net income: HK$572.0m (up 7.1% from 1H 2021). Profit margin: 12% (in line with 1H 2021). Over the next year, revenue is forecast to grow 5.3%, compared to a 2.0% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Aug 18
CITIC Telecom International Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2022, Payable on September 30, 2022 CITIC Telecom International Holdings Limited declared interim dividend of HKD 0.06 per share for the six months ended 30 June 2022. Ex-dividend date is 07 September 2022, Record date is 16 September 2022, Payment date is 30 September 2022. Announcement • Aug 06
CITIC Telecom International Holdings Limited to Report Q2, 2022 Results on Aug 17, 2022 CITIC Telecom International Holdings Limited announced that they will report Q2, 2022 results on Aug 17, 2022 Upcoming Dividend • May 18
Upcoming dividend of HK$0.17 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 13 June 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.4%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Ku Wen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: HK$0.29 (up from HK$0.28 in FY 2020). Revenue: HK$9.52b (up 6.7% from FY 2020). Net income: HK$1.08b (up 5.2% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.8%, compared to a 1.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 06
CITIC Telecom International Holdings Limited to Report Fiscal Year 2021 Final Results on Mar 15, 2022 CITIC Telecom International Holdings Limited announced that they will report fiscal year 2021 final results on Mar 15, 2022 Announcement • Feb 01
Citic Telecom International Announces Executive Changes Citic Telecom International has appointed Brook Wong to the additional role of CEO, effective 1 February. Wong will succeed Esmond Li, who has decided to retire and step down from his position of Citic Telecom CEO after more than 20 years with the company. Wong currently serves as vice-president of Citic Telecom. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 29 September 2021. Trailing yield: 8.0%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 21
First half 2021 earnings released: EPS HK$0.14 (vs HK$0.14 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: HK$4.80b (up 9.4% from 1H 2020). Net income: HK$534.0m (up 4.3% from 1H 2020). Profit margin: 11% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • May 11
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 04 June 2021. Trailing yield: 7.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.5%). Recent Insider Transactions • Apr 15
Executive Chairman of the Board recently sold €163k worth of stock On the 7th of April, Yue Jiang Xin sold around 548k shares on-market at roughly €0.30 per share. This was the largest sale by an insider in the last 3 months. This was Yue Jiang's only on-market trade for the last 12 months. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS HK$0.28 (vs HK$0.28 in FY 2019) The company reported a mediocre full year result with weaker revenues, although profit margins were flat and earnings improved. Full year 2020 results: Revenue: HK$8.92b (down 1.0% from FY 2019). Net income: HK$1.02b (up 2.1% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue misses expectations Revenue missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 4.4%, compared to a 2.7% growth forecast for the Telecom industry in Germany. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS HK$0.28 (vs HK$0.28 in FY 2019) The company reported a decent full year result with improved earnings, although revenues and profit margins were flat. Full year 2020 results: Revenue: HK$8.96b (flat on FY 2019). Net income: HK$1.02b (up 2.1% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 05
CITIC Telecom International Holdings Limited Announces Board Changes The board of directors of CITIC Telecom International Holdings Limited announced that, with effect from March 4, 2021, Liu Zhengjun has resigned as a Non-executive Director of the company due to change in work arrangement; and Wang Guoquan has been appointed as a Non-executive Director of the company. Wang Guoquan is currently the Vice President of CITIC Group Corporation, and concurrently serves as the Vice President of CITIC Limited and CITIC Corporation Limited. Wang had successively served as the Deputy General Manager and the General Manager of China Telecom Hebei branch and the General Manager of the marketing department of China Telecommunications Corporation. He became the Vice President of China Telecommunications Corporation since December 2018. Then, he was the Executive Vice President of China Telecom Corporation Limited from March 2019 and an Executive Director of China Telecom from August 2019, both until December 2020. From May 2017 to August 2019, he was a Director of Besttone Holding Co. Ltd. Wang has extensive experience in management and the telecommunications industry. Executive Departure • Mar 05
Non-Executive Director has left the company On the 4th of March, Zhengjun Liu's tenure as Non-Executive Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under Zhengjun's name. Zhengjun is the only executive to leave the company over the last 12 months. Announcement • Mar 05
CITIC Telecom International Holdings Limited, Annual General Meeting, May 14, 2021 CITIC Telecom International Holdings Limited, Annual General Meeting, May 14, 2021. Announcement • Feb 23
CITIC Telecom International Holdings Limited to Report Fiscal Year 2020 Results on Mar 04, 2021 CITIC Telecom International Holdings Limited announced that they will report fiscal year 2020 results on Mar 04, 2021 Is New 90 Day High Low • Feb 16
New 90-day high: €0.27 The company is up 5.0% from its price of €0.26 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: €0.25 The company is down 7.0% from its price of €0.27 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.09 per share. Announcement • Aug 07
CITIC Telecom International Holdings Limited to Report First Half, 2020 Results on Aug 18, 2020 CITIC Telecom International Holdings Limited announced that they will report first half, 2020 results on Aug 18, 2020 
