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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Fosun International Limited    656   HK0656038673

FOSUN INTERNATIONAL LIMITED

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Fosun International : Fosun will increase investment in Hainan

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05/19/2012 | 02:21am EDT
Fosun will increase investment in Hainan 2012-05-19

(18 May 2012 - Haikou, China )  "To better serve its 'green rise' and the project of International Travelling Island, Fosun's going to increase the investment in Hainan", said Guo Guangchang, the chairman of Fosun Group, on today's CIFIC of China's outstanding non-state-owned companies.  During the interview for Guo and other prominent entrepreneurs of China, Luo Baoming, the party secretary for Hainan province declared that the provincial government would like to support more outstanding non-state-owned companies to participate in this province's "scientific development" and "green rise" strategies.
   "Changing with each passing day" were the five words which Guo used to describe the transforming of Hainan, "When I first came here in Hainan, 1988, there was only one traffic light in Haikou city. But today, this place has become a world-famous island tourist destination".  Guo said that Fosun had invested in industries including Mining, IT, Pharma, etc. "We will launch new investments around the project of Hainan International Travelling Island in the near future".
   Guo also said that nowadays Hainan's tourism sector has developed to a sizable scale. However it's also in a structural adjustment phase from the quantitative to qualitative changes. As for hotel industry, while there is an abundance of hotels targeted to business travellers in Hainan industry, distinctive resorts, especially those with international awareness still face the issue of structural adjustment. It can add international tourists enormously if we introduce some distinctive resorts which have international reputation. This would be of great value for propelling Hainan's tourist structure and balancing the tourism consumption between pick season and off season.

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Financials
Sales 2020 132 B 18 963 M 18 963 M
Net income 2020 10 829 M 1 559 M 1 559 M
Net Debt 2020 114 B 16 412 M 16 412 M
P/E ratio 2020 6,59x
Yield 2020 3,45%
Capitalization 70 976 M 10 221 M 10 221 M
EV / Sales 2020 1,40x
EV / Sales 2021 1,24x
Nbr of Employees 71 000
Free-Float 28,7%
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Number of Analysts 9
Average target price 11,02 CNY
Last Close Price 8,35 CNY
Spread / Highest target 63,8%
Spread / Average Target 32,0%
Spread / Lowest Target 7,78%
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Managers
NameTitle
Qi Yu Chen Co-Chief Executive Officer & Executive Director
Xiao Liang Xu Co-Chief Executive Officer & Executive Director
Guang Chang Guo Chairman
Qun Bin Wang Co-Chairman
Ping Gong Chief Financial Officer & Executive Director
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