Latest news with #Fosun
The Sun
5 days ago
- Business
- The Sun
Citi Renews Coverage of Fosun International with a 'Buy' Rating
HONG KONG SAR - Media OutReach Newswire - 25 July 2025 - Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International ( with a 'Buy' rating and a target price of HKD5.86. Citi has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the 'Happiness' segment and lowered finance costs from the Group's proactive deleveraging efforts. Citi also highlights that Fosun is accelerating its 'strategic advancements and exits' strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders' returns and narrow the net asset value discount. The report points out that Fosun's current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International's future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a 'Buy' rating to Fosun International.
Zawya
5 days ago
- Business
- Zawya
Citi Renews Coverage of Fosun International with a "Buy" Rating
HONG KONG SAR - Media OutReach Newswire - 25 July 2025 - Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International ( with a "Buy" rating and a target price of HKD5.86. Citi has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the "Happiness" segment and lowered finance costs from the Group's proactive deleveraging efforts. Citi also highlights that Fosun is accelerating its "strategic advancements and exits" strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders' returns and narrow the net asset value discount. The report points out that Fosun's current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International's future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a "Buy" rating to Fosun International. Hashtag: #Fosun #復星國際 The issuer is solely responsible for the content of this announcement. Fosun International
Malay Mail
5 days ago
- Business
- Malay Mail
Citi Renews Coverage of Fosun International with a "Buy" Rating
HONG KONG SAR - Media OutReach Newswire - 25 July 2025 - Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International ( with a "Buy" rating and a target price of has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the "Happiness" segment and lowered finance costs from the Group's proactive deleveraging also highlights that Fosun is accelerating its "strategic advancements and exits" strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders' returns and narrow the net asset value report points out that Fosun's current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International's future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a "Buy" rating to Fosun #Fosun #復星國際 The issuer is solely responsible for the content of this announcement.
Bloomberg
23-07-2025
- Business
- Bloomberg
Fractured Europe Seeks an Entente With China
Welcome to Balance of Power, bringing you the latest in global politics. If you haven't yet, sign up here. Back in 2015, Hong Kong-listed consumer group Fosun made a splash by snapping up French holiday operator Club Med, known for its all-inclusive sun, sea and sand vacations.
The Star
21-07-2025
- Business
- The Star
Stephane Maquaire appointed as new president, CEO of Club Med
PARIS, July 21 (Xinhua) -- Stephane Maquaire has been appointed as the new president and chief executive officer of Club Med Holding, succeeding Henri Giscard d'Estaing, the company's board of directors announced Monday. According to a press release issued by Club Med, a company specializing in all-inclusive resort services, a key criterion in the succession process was the continued pursuit of the Group's international expansion strategy while preserving its French roots and long-standing core values. Maquaire is expected to build on the current strategy while guiding the company to seize new opportunities in a fast-evolving travel and hospitality landscape, the company stated. For his part, Maquaire said that he was honoured by the opportunity to lead the renowned Club Med into its next chapter of success. In 2015, Chinese conglomerate Fosun completed the acquisition of Club Med, which at the time was facing operational challenges. Former French Prime Minister Jean-Pierre Raffarin has described the investment as a positive development not only for the Chinese investor, but also for the French tourism sector. Since the acquisition, Club Med has grown rapidly and now operates over 70 resort villages in approximately 40 countries. Describing him as a leader with deep experience in the consumer sector and a remarkable international track record, Xiaoliang Xu, co-CEO of Fosun International and Chairman of Club Med Holding, said Maquaire is ideally positioned to accelerate Club Med's momentum and write the next chapter of its extraordinary story. Club Med has also seen significant growth in China. According to Fosun, China became the company's second-largest source market in 2024, with 310,000 visitors recorded across its 11 resorts in the country.
