CITIC (267 HK) FY (CNY) net 58.7bln (exp. 58.9bln), NII 146.9bln, rev. 769.2bln (exp. 772.8bln)
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Thailand expects 33mln bbls of crude for April-May delivery
Israeli Home Front reports rockets fired from Lebanon and alarms sounding in Kiryat Shmona and Margaliot
CITIC (267 HK) FY (CNY) net 58.7bln (exp. 58.9bln), NII 146.9bln, rev. 769.2bln (exp. 772.8bln)
Israeli media noted initial reports of a serious security incident in southern Lebanon, resulting in injuries in critical condition
Iranian media reports explosions in central and southern Iran
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Context
CITIC's FY results show a slight miss on both net income and revenue compared to expectations, suggesting potential headwinds in their performance. While the net interest income (NII) came in on target, the overall miss may prompt investors to reassess the company's growth outlook. The market reaction may vary, but it's likely to reflect concerns over the company's ability to meet future expectations amidst these figures.
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