Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Fosun International Limited    0656   HK0656038673

FOSUN INTERNATIONAL LIMITED (0656)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Fosun International : China's Fosun International plans $500 million IPO of tourism business - IFR

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 08:28am CEST
Fosun International Ltd services are displayed at a news conference in Hong Kong

HONG KONG (Reuters) - Chinese conglomerate Fosun International is in talks with banks to list its tourism business, which includes French resort chain Club Med, to raise at least $500 million, IFR reported on Thursday, citing people familiar with the situation.

Fosun Tourism & Culture Group includes a Chinese joint venture with tour operator Thomas Cook Group and a luxury hotel in Hainan province as well as Club Med, according to IFR, a Thomson Reuters publication.

Shanghai-based Fosun is considering spinning off the unit as early as next year and is likely to pick Hong Kong as the listing venue, according to the people. Two sources said the deal would raise at least $500 million, according to IFR.

Fosun declined to comment when contacted by Reuters.

Fosun, co-founded by Chinese billionaire Guo Guangchang, was in the vanguard of China's global dealmaking spree over the past few years, snapping up assets including a Portuguese insurer, and stakes in Greek jewellery retailer Folli Follie and Cirque du Soleil. It bought Club Med for $1 billion in 2015 after a protracted bid battle.

The float of Fosun's tourism unit is one of several expected from China's largest dealmakers as they rationalise portfolios and seek to boost their finances. Last week, fellow conglomerate HNA said it was considering listing Gategroup, the Swiss airline caterer, in Zurich next year and signalled it was looking at other asset sales.

Fosun itself announced plans last year to list Ironshore, its reinsurance unit, but was stalled by a U.S. review of its two-stage acquisition of the Bermuda-based group. It sold the company to U.S. insurer Liberty Mutual for $3 billion last December.

In September, it listed Israeli subsidiary Sisram Medical in Hong Kong through a HK$ 977 million (£93.5 million) IPO. Sisram is a producer of medical aesthetics devices.

Fosun divides its businesses into "Health", or pharmaceutical and medical-related, "Wealth" for its financial operations, and "Happiness" for its tourism, leisure and consumer units. In the first half of this year, the Happiness unit reported profits of 516 million yuan (£58.3 million) from sales of 6.53 billion yuan.

Fosun shares were trading at HK$15.78 on Thursday afternoon, giving the company a market capitalisation of HK$135 billion.

(Reporting by Jennifer Hughes; Editing by Muralikumar Anantharaman)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FOSUN INTERNATIONAL LIMITE
05/21FOSUN INTERNATIONAL : Huge Chinese Conglomerate Fosun Eyes North America for New..
AQ
05/18FOSUN INTERNATIONAL : Int'l raises stake in Folli Follie to 16.37%
AQ
05/17FOSUN INTERNATIONAL : Voluntary announcement
PU
05/15SHANGHAI FOSUN PHARMACEUTICAL : Fosun Pharma to form JV for maternal and infant ..
AQ
05/15Manipal, TPG swoop in with sweetened bid for India's Fortis
RE
05/14FOSUN INTERNATIONAL : Becomes Majority Shareholder of Austrian Leading Luxury Br..
AQ
05/14REPORT : Fosun in bid for $2B in Novartis assets
AQ
05/11FOSUN INTERNATIONAL : Progress update on discloseable transactions in relation t..
PU
05/10FOSUN INTERNATIONAL : Unveils Asia Pacific's First Atlantis Resort in Sanya, Chi..
AQ
05/08FOSUN INTERNATIONAL : officially becomes the largest shareholder of Austria&rsqu..
PU
More news
News from SeekingAlpha
04/08WEEK IN REVIEW : Concord Medical Raises $240 Million For China Radiology Service.. 
03/28Fosun International, Ltd. 2017 Q4 - Results - Earnings Call Slides 
03/25WEEK IN REVIEW : James Watson To Lead New Shenzhen Biopharma Research Center 
03/04WEEK IN REVIEW : Grail Plans $500 Million Hong Kong IPO For Cancer Diagnostics 
02/25WEEK IN REVIEW : Taiwan Liposome Files For $50 Million Secondary IPO In The U.S. 
Financials ( CNY)
Sales 2018 95 315 M
EBIT 2018 2 084 M
Net income 2018 14 129 M
Debt 2018 74 365 M
Yield 2018 2,21%
P/E ratio 2018 7,95
P/E ratio 2019 7,25
EV / Sales 2018 2,04x
EV / Sales 2019 1,85x
Capitalization 120 B
Chart FOSUN INTERNATIONAL LIMITE
Duration : Period :
Fosun International Limite Technical Analysis Chart | 0656 | HK0656038673 | 4-Traders
Technical analysis trends FOSUN INTERNATIONAL LIMITE
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 20,5  CNY
Spread / Average Target 46%
EPS Revisions
Managers
NameTitle
Qun Bin Wang Chief Executive Officer & Director
Qi Yu Chen Co-President & Executive Director
Xiao Liang Xu Co-President & Executive Director
Guang Chang Guo Chairman
Can Wang Chief Financial Officer, Executive Director & SVP
Sector and Competitors
1st jan.Capitalization (M$)
FOSUN INTERNATIONAL LIMITED-0.58%18 890
ARCELORMITTAL8.85%36 375
POSCO--.--%29 240
NIPPON STEEL & SUMITOMO METAL CORP-15.60%21 297
NUCOR2.52%20 848
THYSSENKRUPP-10.96%15 810