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    1992   KYG365731069

FOSUN TOURISM GROUP

(1992)
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Fosun Tourism : China's post-COVID-19 travel industry sees green shoots with tourists embracing short trips, luxury stays

09/08/2020 | 08:55am EDT

In China's post-Covid-19 tourism market, short-distance travelling and luxury holidays are leading the rebound, while tour groups and business trips are declining, according to industry players.

As the country's US$1 trillion tourism industry slowly gets back on its feet after taking a massive hit from the coronavirus outbreak, the shape of its recovery could provide lessons for the rest of the world still struggling with the pandemic.

'The coronavirus will have a profound and long-standing effect on the global tourism industry,' said Qian Jiannong, chairman and chief executive of Fosun Tourism, in an recent interview with the South China Morning Post. 'Different segments and regions in the market will diverge in their future performance, and this will lead to great structural opportunities.'

More than half of China's tourism firms said their incomes plunged by 75 per cent in the first half of 2020 from a year earlier year, according to a survey of 1,154 respondents carried out by tourism industry consultancy Horwath HTL in July. Hong Kong-listed Fosun Tourism, which owns the French holiday resort chain Club Med, reported a 50 per cent decline in revenue to 4.5 billion yuan (US$658 million) last week.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 12 405 M 1 923 M 1 923 M
Net income 2021 -1 171 M -181 M -181 M
Net Debt 2021 6 266 M 971 M 971 M
P/E ratio 2021 -11,0x
Yield 2021 0,27%
Capitalization 13 554 M 2 100 M 2 101 M
EV / Sales 2021 1,60x
EV / Sales 2022 1,09x
Nbr of Employees -
Free-Float 17,6%
Chart FOSUN TOURISM GROUP
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Technical analysis trends FOSUN TOURISM GROUP
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 8
Average target price 11,30 CNY
Last Close Price 10,96 CNY
Spread / Highest target 19,1%
Spread / Average Target 3,11%
Spread / Lowest Target -12,3%
EPS Revisions
Managers and Directors
NameTitle
Jian Nong Qian Chairman & Chief Executive Officer
Ming Long Cao Co-President
Qing Guo Co-President
Bing Bin Xu Co-Chief Financial Officer & Executive Director
Yin On Choi Co-Chief Financial Officer & Vice President