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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Fosun International Limited    0656   HK0656038673

FOSUN INTERNATIONAL LIMITED

(0656)
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Fosun International : S&P Revised Outlook on Fosun International to 'Positive'

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05/30/2019 | 10:19am EDT

HONG KONG - S&P Global Ratings ('S&P') announces it has revised the outlook on Fosun International Limited ('Fosun', HKEx: 00656) to positive from stable, 'BB' rating affirmed.

S&P expects the liquidity and diversity of Fosun's assets to continue to improve, given Fosun's positive track record in investment management. The positive outlook reflects S&P's view that Fosun can maintain its leverage ratio while further unlock value from its investee companies and improve its portfolio liquidity and diversity.

S&P has stated in the report that Fosun could effectively execute its strategy of building its track record of unlocking value and improving its portfolio liquidity. For instance, Fosun increased percentage of listed asset by completing two IPOs of its portfolio companies and the reorganization of Yuyuan in 2018. Meanwhile, Fosun is increasingly focused on driving synergies across its large portfolio of investment companies, which is positive for value creation as well as for enhancing its portfolio companies' credit quality.

S&P will consider upgrade if Fosun can continue to execute the strategy of improving asset liquidity over the next 12-18 months.

Contact:

Ms. Betty Li

Email: IR@fosun.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (CNY)
Sales 2019 118 B
EBIT 2019 26 126 M
Net income 2019 15 115 M
Debt 2019 83 507 M
Yield 2019 3,88%
P/E ratio 2019 5,22x
P/E ratio 2020 4,85x
EV / Sales2019 1,39x
EV / Sales2020 1,30x
Capitalization 79 800 M
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Technical analysis trends FOSUN INTERNATIONAL LIMITE
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Mean consensus BUY
Number of Analysts 11
Average target price 14,93  CNY
Last Close Price 9,34  CNY
Spread / Highest target 83,2%
Spread / Average Target 59,9%
Spread / Lowest Target 46,4%
EPS Revisions
Managers
NameTitle
Qun Bin Wang Chief Executive Officer & Executive Director
Qi Yu Chen Co-President & Executive Director
Xiao Liang Xu Co-President & Executive Director
Guang Chang Guo Chairman
Can Wang Chief Financial Officer, Executive Director & SVP
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