Fosun International 0656

Re: Fosun International 0656

Postby winston » Tue May 07, 2019 2:13 pm

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Citi Raises FOSUN INTL (00656.HK) TP to $17; Kept Buy

2019/03/27

Citigroup in its report mentioned that FOSUN INTL (00656.HK)'s FY18 net profit went up 2% yearly to RMB13.4 billion, consistent with its expectation of RMB13.3 billion and beating the consensus of RMB12.1 billion.

The broker kept Buy on FOSUN INTL at the target price $17, raised from $16.

Source: AAstocks.com
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Re: Fosun International 0656

Postby winston » Tue May 07, 2019 2:16 pm

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BofAML Cuts FOSUN INTL (00656.HK) TP to $18.2; Reiterated Buy on Enticing Valuation

2019/03/21

Bank of America Merrill Lynch reiterated FOSUN INTL (00656.HK) at Buy, yet cutting its price objective by 18% to $18.2.

Seeing the company's appealing valuation, the broker believed recent market rebound could help FOSUN INTL unlock its investment value.

Source: AAstocks.com
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Re: Fosun International 0656

Postby winston » Tue May 07, 2019 2:16 pm

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BofAML Cuts FOSUN INTL (00656.HK) TP to $18.2; Reiterated Buy on Enticing Valuation

2019/03/21

Bank of America Merrill Lynch reiterated FOSUN INTL (00656.HK) at Buy, yet cutting its price objective by 18% to $18.2.

Seeing the company's appealing valuation, the broker believed recent market rebound could help FOSUN INTL unlock its investment value.

Source: AAstocks.com
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Re: Fosun International 0656

Postby winston » Thu May 30, 2019 11:05 am

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S&P Upgrades FOSUN INTL (00656.HK) Outlook to Positive

S&P Global Ratings (S&P), in its report, upgraded FOSUN INTL (00656.HK)'s outlook to Positive from Stable, with "BB" rating affirmed.

The report elaborated that the outlook upgrade was mainly based on the higher asset liquidity and diversity of the company through active operation management.

It forecast that the company will maintain stable leverage ratio, while continuing to unleash asset value.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Wed Jun 12, 2019 4:55 pm

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Fosun said to seek investors for luxury fashion business

By Vinicy Chan

Fosun International Ltd., the Chinese retail-to-drugs conglomerate backed by billionaire Guo Guangchang, is seeking to sell a stake in its fashion unit to outside investors as part of plans to revamp the business, people with knowledge of the matter said.

Fosun Fashion Group, whose portfolio includes French luxury brand Lanvin, is targeting to raise more than $100 million, according to the people.

It has started gauging interest from potential investors including several Asian family offices, the people said, asking not to be identified because the information is private.

Proceeds will be used to help expand the brands and improve their profitability, according to the people.

Fosun Fashion is considering a Paris initial public offering in several years among other options, the people said.

Lanvin, which is France’s oldest fashion house with roots dating back to 1889, operates in more than 50 countries worldwide, according to its website.

Fosun Fashion is also the majority shareholder of Austrian lingerie maker Wolford AG and owns stakes in Germany’s Tom Tailor Holding SE, Italian suitmaker Raffaele Caruso SpA and American women’s brand St. John Knits. Fosun Fashion follows other Chinese companies in seeking to capitalize on a string of splashy acquisitions overseas.

Ruyi Group, once a little-known Chinese textile maker, bought French affordable-luxury group SMCP SA in 2016 and completed a Paris IPO of the business the next year.

Deliberations are at an early stage, and details of the fundraising may change, the people said.

Fosun International may also put more of its own capital into the fashion unit, according to one of the people. A representative for Fosun International declined to comment.

Source: Deal Street Asia

https://www.dealstreetasia.com/stories/ ... 69cc61b4c8
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Re: Fosun International 0656

Postby winston » Fri Aug 02, 2019 2:05 pm

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<Research Report>Daiwa Lowers FOSUN INTL (00656.HK) TP to $18; Rated Buy

Investors are worried over FOSUN INTL (00656.HK)'s performance under the volatility in global market sentiment.

However, Daiwa believed the company's “Buy and Operate” model was same as usual.

Fosun was maintained at Buy, with target down from $20 to $18.

Fosun is expected to reveal more information on geographic exposure and contributions from major subsidiaries.

The broker also projected a 5% YoY growth in Fosun's 1H19 earnings.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Wed Aug 07, 2019 2:43 pm

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<Research Report>UBS Trims FOSUN INTL (00656.HK) TP to $12; Rated Buy

UBS axed FOSUN INTL (00656.HK)'s 2019 NAV forecast by 23% to $18.4 per share, while lowering its target price from $16.8 to $12 on asset value decline for listed investment.

However, the broker suggested the company could offer good value and an enticing long-term valuation, hence keeping it at Buy.

Around half of Fosun's asset value is expected to be listed, where 60% of which is in the A-share market.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Wed Aug 28, 2019 6:08 am

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Fosun International earnings rise to 7.6b yuan

Fosun International (0656) first-half net profit grew by 10.9 percent to 7.61 billion yuan (HK$8.33 billion).

Fosun declared an interim dividend of 13 HK cents, for the first time.

Revenue grew by 57.4 percent year-on-year to 68.48 billion yuan.

Net profit of its health business grew by 4.4 percent to 865.1 million yuan, finance business was up by 22.2 percent to 804.6 million yuan.

However, the net profit of the insurance sector dropped by 5.8 percent to 1.02 billion yuan and investment sector fell by 6.3 percent to 3.1 billion yuan.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0827&sid=2
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Re: Fosun International 0656

Postby winston » Wed Aug 28, 2019 9:58 am

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<Result Ann>FOSUN INTL Interim NP Surges 10.9% to RMB7.6B; 1st Interim DPS HK13 Cents

FOSUN INTL (00656.HK) announced the interim results ended 30 June 2019.

The net profit amounted to RMB7.609 billion, up 10.9% yearly.

EPS was RMB0.89.

Following the strong financial results in the first half of 2019, the Company declared an interim dividend of HKD0.13 per share for the first time.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Wed Aug 28, 2019 10:12 am

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Aug 19, 2019

FOSUN INTL's Companies Unload TSINGTAO BREW Stakes to Cash in $1.55B: Wire

A fund and an insurer of FOSUN INTL (00656.HK) intended to sell 30 million H shares of TSINGTAO BREW (00168.HK) at $50.86 and $51.65 per share respectively, cashing in $1.55 billion, Reuters' IFR sources revealed.

Source: AAStocks Financial News
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