Fosun International 0656

Re: Fosun International 0656

Postby winston » Wed Jan 31, 2018 2:27 pm

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<Research Report>BofAML Lifts FOSUN INTL (00656.HK) Target to $26; Valuation Still Appealing

Bank of America Merrill Lynch said that FOSUN INTL (00656.HK)'s Atlantis project will be opened in early May and the project is expected to be a success.

The target price was raised to $26 from $23.5, reflecting its listing business and higher market value of Atlantis project.

The investment rating was reiterated at Buy on appealing valuation.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Wed Mar 28, 2018 9:43 am

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Fosun International (656 HK): Stellar set of results; ups dividend

Fosun International reported a 19% increase in revenue to RMB88.0b and a 28% growth in net profit to RMB13.2b in FY17, beating ours and the street’s expectations.

2017 is the 25th anniversary of Fosun and is also the group’s strongest financial year ever.

With this, the group achieved a 5-year CAGR of 21% in earnings per share.

The wealth ecosystem (insurance & finance, investment and hive property) remained the largest contributor to net profit at 86%, followed by health at 10% and happiness at 4%.

Fosun’s adjusted net asset value has also increased from HK$26.01/share in end 2016 and HK$30.23/share in 1H17 to HK$33.28/share as at end 2017.

Net gearing stood at 49.7%.

The group has declared a final dividend of HK$0.35/share, 67% higher compared to HK$0.21/share in 2016.

Source: OCBC
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Re: Fosun International 0656

Postby winston » Thu Mar 29, 2018 8:06 am

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Chinese conglomerate Fosun to invest 100 billion yuan in AI, biotech and fintech over next decade

Company reports net profit of 13.16 billion yuan for 2017

The company will focus on India and Africa, he said, as well as on Portuguese-speaking countries.

Fosun reported a net profit of 13.16 billion yuan for 2017, a 28.2 per cent increase over 2016.

The gain was led mainly by contributions from the health, insurance and finance segments of the company.

Revenue for the period increased by 19 per cent and stood at 88.03 billion yuan.


Source: SCMP

http://www.scmp.com/business/china-busi ... iotech-and
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Re: Fosun International 0656

Postby winston » Wed Jun 27, 2018 2:27 pm

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March 27, 2018

<Result Ann>FOSUN INTL (00656.HK) Annual Net Profit RMB13.161B, Up 28.2%; Final Div HK$0.35

FOSUN INTL (00656.HK) announced annual result ended December 2017.

The turnover rose 19% year on year to RMB88.025 billion.

The net profit amounted to RMB13.161 billion, up 28.2% yearly. EPS was RMB1.53.

A final dividend of HK$0.35 was declared.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Wed Aug 29, 2018 8:23 am

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Fosun profit soars to record 6.8b yuan

Chinese conglomerate Fosun International (0656) yesterday posted a 17 percent rise in January-June net profit, setting a first-half record due to growth in its core businesses.

Fosun, whose portfolio includes Club Med and a stake in Cirque du Soleil, said profit reached 6.86 billion yuan (HK$7.92 billion), from 5.86 billion yuan a year earlier.

Revenue increased 20 percent to 43.51 billion yuan.

Co-founded by Chinese billionaire Guo Guangchang, Fosun has been one of the country's most acquisitive overseas dealmakers.

But like peers such as Dalian Wanda Group and HNA Group, Fosun has faced increased scrutiny for its debt-fueled, big-ticket foreign deals and is now pursuing a development path more closely aligned with government priorities.

In April, Fosun launched its Atlantis Sanya luxury resort in Hainan in line with a government desire to boost tourism in the southern province, already popular among Chinese holidaymakers.

The group has also moved to strengthen its balance sheet, reduce net debt, and balance acquisitions with asset sales.

As at the end of June, Fosun's debt stood at 162.47 billion yuan, versus 150.46 billion yuan at the end of December, due mainly to borrowing to fund expansion at various business units.

The group's mid-to-long-term debt accounted for 55.7 percent of total debt at June-end, versus 61.4 percent six months prior.

Shares of Fosun, which has a market value of HK$125 billion, closed down 0.1 percent ahead of the results announcement.

Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20180829
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Re: Fosun International 0656

Postby winston » Mon Sep 03, 2018 7:57 am

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Buybacks

Pharmaceutical and health care products manufacturer Fosun International bought back 2.5 million shares at an average of HK$14.49 apiece.

The buy-backs were made after the company announced on a 16.9 per cent gain in first-half profit to 6.858 billion yuan.

The recent buy-backs indicate a strong positive outlook by management, especially after chairman Guo Guangchang announced that the group will continue its overseas acquisitions. Shares of Fosun closed at HK$14.20 on Friday.

Source: SCMP
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Re: Fosun International 0656

Postby winston » Mon Sep 03, 2018 8:52 am

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FOSUN INTL Proposes Spin-off Listing of Fosun Tourism Group on Main Board

FOSUN INTL (00656.HK) announced that it proposed to spin off and list Fosun Tourism Group on Main Board.

Fosun Tourism Group submitted, through its joint sponsors, a listing application to the Stock Exchange.

Following completion of the Proposed Spin-off and Listing, the Company will retain not more than 75% equity interest in FTG.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Tue Nov 13, 2018 6:32 am

Club Med owner Fosun Tourism receives approval to list shares in Hong Kong

Fosun Tourism, the largest leisure tourism resort group in the world by revenue, will be spun off from parent Fosun International as a separately-listed company

The approval means Fosun Tourism could join online parenting firm Babytree Group and online travel agent Tongcheng-eLong Holdings to launch initial public offerings in Hong Kong in November.

Paris-headquartered Club Med operates in more than 40 nations with 42 resorts in Europe and the Middle East, 15 in Asia-Pacific and 12 in the Americas.

Fosun Tourism recorded revenue of 6.67 billion yuan (US$957.81 million) in the first half, 7.8 per cent higher than the same period a year earlier.


Babytree’s revenue grew 43 per cent last year to 729.6 million yuan, while its net loss narrowed to 911.1 million yuan from 934.5 million yuan.


Suzhou-based online travel agency Tongcheng-eLong Holdings will also launch its Hong Kong public offering on Wednesday.

The company, which helps budget travellers book accommodation, flights and train tickets, posted a 14.2 per cent rise in revenue last year to 2.52 billion yuan. The company reported a profit for the period of 194.4 million yuan.


Source: SCMP

https://www.scmp.com/business/china-bus ... ist-shares
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Financial Industry 06 (Jun 16 - Dec 18)

Postby winston » Tue Nov 13, 2018 10:18 am

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Nov 9, 2018

FOSUN INTL: Fosun Tourism Spin-off & Listing Assured Entitlement Record Date on 22 Nov

FOSUN INTL (00656.HK) announced that the record date for the purpose of determining the assured entitlement of qualifying shareholders to the FTG shares in the preferential offering will be 22 November.

No transfers of shares will be registered on that date.

The company announced earlier to spin off its Fosun Tourism Group for listing on the Stock Exchange.

Source: AAStocks Financial News
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Re: Fosun International 0656

Postby winston » Fri Dec 14, 2018 1:58 pm

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<Research Report>G Sachs Keeps FOSUN INTL (00656.HK) at Buy with TP Cut to $21

In Goldman Sachs' research report, FOSUN INTL (00656.HK) was reiterated at Buy with 2018-2020 EPS estimates lifted by approximately 1% to $1.81, $1.71 and $1.78.

On the other hand, the target price was cut to $21 from $22 in light of shrinkage in market value of its listed assets.

Source: AAStocks Financial News
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