CITIC traded at 13.19 this Friday May 15th, decreasing 0.24 or 1.79 percent since the previous trading session. Looking back, over the last four weeks, CITIC lost 1.85 percent. Over the last 12 months, its price rose by 35.01 percent. Looking ahead, we forecast CITIC to be priced at 13.19 by the end of this quarter and at 11.99 in one year, according to Trading Economics global macro models projections and analysts expectations.
CITIC Limited is an investment holding company mainly engaged in the provision of financial services. Along with subsidiaries, the Company operates its business through six segments: the Financial Services segment, the Manufacturing segment, the Resources and Energy segment, the Engineering Contracting segment, the Real Estate segment and the Others segment. The Financial Services segment is engaged in the provision of banking, trust, asset management, securities and insurance services. The Manufacturing segment is engaged in the manufacture of special steels, heavy machineries and aluminum wheels and other products. The Resources and Energy segment is engaged in the exploration, processing and trading of crude oil, resources and energy products, including crude oil, coal and iron ore. The Engineering Contracting segment provides contracting and design services for infrastructure, real estate and industrial projects.