Fosun Tourism 1992

Fosun Tourism 1992

Postby winston » Tue Aug 20, 2019 7:17 am

not vested

Fosun Tourism back in black

by Stella Zhai

Fosun Tourism (1992) announced its net profit for the first half-year was 490 million yuan (HK$546 million), compared with a net loss of 255 million yuan from a year ago, meanwhile declaring an interim dividend of 7 HK cents.

Revenue for the six months grew by 35.9 percent year-on-year to 9.06 billion yuan, among which Club Med resort recorded a revenue of 6.93 billion, increased by 5 percent compared with the same period of last year.

The company's first tourism destination project, Atlantis Sanya hotel reported an income of 656 million yuan, growing 2.2 times from a year ago. Customers visiting Atlantis Sanya in the first half this year has increased to approximately 2.5 million from 883,000 in the same period in 2018, with the occupancy rate by room rising from 47.5 percent a year ago to 62 percent.

Jim Qian Jiannong, chairman of Fosun Tourism said the company is in talks of a restructuring plan of London-listed Thomas Cook, with the expectation to acquire more shares in the company and its airlines.

Qian said he is confident about the industry though many travel agencies are facing difficulties recently, and the company believes the value of Thomas Cook brand will help Fosun in the future.

He added that the mainland tourism sector was less impacted by the Sino-US trade tension and Brexit, as domestic tourist spending and Chinese outbound travelers grew by 13.5 percent and 14 percent year-on-year, respectively, in the first half this year.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0820&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Fosun Tourism 1992

Postby winston » Mon Sep 02, 2019 11:13 am

not vested

FOSUN TOURISM(1992)

Analysis:

It is the largest leisure tourism resorts group worldwide in terms of revenue in 2018.

It operates through Club Med and Club Med Joyview resorts. Its principal activities also include tourism destinations, which it develops, operates and manages, as well as destinations it manages for other parties, services and solutions in various tourism and leisure settings .

It currently owns Atlantis Sanya, and have started the design of the Lijiang and Taicang projects.

In the first half of the year, the revenue in the first half of the year increased by 35.9% to RMB9.062 billion, and recorded a profit of RMB490 million.

Last year, it recorded a loss of RMB254 million. Interim dividend of HK$0.07 per share.

Revenue of the global tourism market increased at a CAGR of 4.9% from 2013 to 2017 and is expected to grow at a CAGR of 7.9% until 2022.

The global leisure tourism market grew at a CAGR of 5.7% and is expected to grow at CAGR of 8.8% until 2022.

Strategy:
Buy-in Price: $8.71, Target Price: $10.00, Cut Loss Price: $5.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Fosun Tourism 1992

Postby winston » Fri Nov 01, 2019 11:22 am

not vested

FOSUN TOURISM(1992)

Analysis:

It is the largest leisure tourism resorts group worldwide in terms of revenue in 2018.

It operates through Club Med and Club Med Joyview resorts.

Its principal activities also include tourism destinations, which it develops, operates and manages, as well as destinations it manages for other parties, services and solutions in various tourism and leisure settings.

It currently owns Atlantis Sanya, and have started the design of the Lijiang and Taicang projects.

In the first half of the year, the revenue in the first half of the year increased by 35.9% to RMB9.062 billion and recorded a profit of RMB490 million.

Last year, it recorded a loss of RMB254 million.

Interim dividend of HK$0.07 per share.

Revenue of the global tourism market increased at a CAGR of 4.9% from 2013 to 2017 and is expected to grow at a CAGR of 7.9% until 2022.

The global leisure tourism market grew at a CAGR of 5.7% and is expected to grow at CAGR of 8.8% until 2022.

Strategy:
Buy-in Price: $10.28, Target Price: $11.50, Cut Loss Price: $8.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Fosun Tourism 1992

Postby winston » Tue Nov 26, 2019 1:31 pm

not vested

FOSUN TOURISM(1992)

Analysis:

It is the largest leisure tourism resorts group worldwide in terms of revenue in 2018.

It operates through Club Med and Club Med Joyview resorts. Its principal activities also include tourism destinations, which it develops, operates and manages, as well as destinations it manages for other parties, services and solutions in various tourism and leisure settings.

It currently owns Atlantis Sanya, and have started the design of the Lijiang and Taicang projects.

In the first half of the year, the revenue in the first half of the year increased by 35.9% to RMB9.062 billion, and recorded a profit of RMB490 million.

Last year, it recorded a loss of RMB254 million.

Interim dividend of HK$0.07 per share.

Revenue of the global tourism market increased at a CAGR of 4.9% from 2013 to 2017 and is expected to grow at a CAGR of 7.9% until 2022.

The global leisure tourism market grew at a CAGR of 5.7% and is expected to grow at CAGR of 8.8% until 2022.

Strategy:
Buy-in Price: $9.76, Target Price: $12.00, Cut Loss Price: $8.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Fosun Tourism 1992

Postby winston » Tue Sep 08, 2020 11:06 am

not vested

COMPANY PROFILE

FOSUN TOURISM GROUP is a China-based company focusing on leisure and holiday tourism business.

The Company is principally engaged in resort operations through Club Med and Club Med Joyview.

The Company is also engaged in the development, operation and management of tourist destinations such as Atlantis in Sanya, as well as the management of third-party destinations.

In addition, the Company offers services and solutions based on vacation scenarios.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am


Return to D to K

Who is online

Users browsing this forum: No registered users and 2 guests