Fosun International 0656

Re: Fosun International 0656

Postby winston » Wed Jan 09, 2019 9:16 am

not vested

Fosun International (656 HK): Moves with the market

Fosun International continues to unlock value from its investments, with the recent listing of Fosun Tourism in Dec last year, raising HK$3.34b (US$427m) following a similar-sized offering in Sep when Fosun Pharmaceutical spun off its Israeli laser-making unit Sisram Medical.

Fosun Tourism’s assets include Club Med as well as Atlantis, a luxury resort in Sanya, Hainan which was officially launched in Apr last year.

Weaker sentiment for the Hong Kong and Chinese stock markets has affected valuations for the group and may also crimp its ability to unlock investments at higher valuations.

We have tweaked our assumptions with lower valuations for listed peers on the healthcare and consumer segments, as well as the group’s listed entities, such that our fair value estimate slips to HK$16.22.

However, given the upside to our fair value, we maintain our BUY on the stock.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Fosun International 0656

Postby winston » Wed Jan 16, 2019 12:06 pm

not vested

<Research Report>Citi Trims FOSUN INTL (00656.HK) Target to $16; Cuts 2018E Investment Income

Citigroup in its research report lowered FY18 investment income forecast on FOSUN INTL (00656.HK) given the volatility in the secondary market during the year, while earnings downgrades from more brokers were expected, likely to result in near-term share price weakness.

The broker kept Buy on FOSUN INTL at the target price $16, trimmed from $20.64.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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