|Bid||11.520 x 0|
|Ask||11.540 x 0|
|Day's Range||11.100 - 11.540|
|52 Week Range||8.870 - 13.860|
|Beta (5Y Monthly)||1.45|
|PE Ratio (TTM)||6.44|
|Earnings Date||Mar 24, 2020 - Mar 30, 2020|
|Forward Dividend & Yield||0.50 (4.40%)|
|Ex-Dividend Date||Sep 09, 2019|
|1y Target Est||20.63|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
Fosun International Limited (HKG:656) saw a double-digit share price rise of over 10% in the past couple of months on...
Program dedicated to stimulating international entrepreneurship has selected the 12 finalist startups, after a week of bootcamp entirely dedicated to innovation and interaction among partners. LISBON, Portugal, Nov. 22, 2019 /PRNewswire/ -- Protechting, Fosun and Fidelidade's innovation program, in partnership with Luz Learning Health Hospital and the German private bank Hauck & Aufhäuser, have selected the 12 finalist startups, which will be part of the acceleration phase of the program which aims to support the development of international projects that contribute to improving the protection of people in strategic areas, such as Healthtech, Insurtech, Fintech, but with the added concern for sustainable development issues.
Investing.com - Hong Kong-listed Fosun International Ltd (HK:0656) has confident in the Chinese markets and believes it will continue to grow, a CNBC report said on Friday.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Fosun International Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
(Bloomberg) -- Alibaba Group Holding Ltd. will spend $3.3 billion to raise its stake in Cainiao, in an effort to exert more control over the logistics subsidiary that underpins its sprawling e-commerce empire.The Hangzhou-based company will lift its stake in Cainiao to 63% from 51% by subscribing for newly issued shares in its latest financing round and buying existing stock from another holder, the company said on Friday.Six-year-old Cainiao is the rapidly growing business that sits at the heart of Alibaba’s expansion -- both in China and abroad. It oversees a coterie of at least a dozen shipping partners, orchestrating deliveries carried out by millions of people across the country.The increased stake could help Alibaba expand deeper into the business of setting up and controlling its own infrastructure, much like Amazon.com Inc. Billionaire Jack Ma said in May last year that he wanted to invest 100 billion yuan ($14 billion) in logistics without giving a time frame.Read more: Alibaba’s Ma Says to Invest at Least 100B Yuan on LogisticsCainiao’s revenue, after elimination of inter-company transactions, rose 48% to 4.8 billion yuan in the quarter ended September.The logistics giant is expanding at a rapid clip, keeping pace with its parent’s online retail business. It’s developed a neighborhood delivery service with a combination of stations and self-pickup lockers, known as Cainiao Posts, a key to bolstering last-mile delivery. The daily package volume handled by Cainiao Post doubled in September, compared with last year, according to Alibaba’s filings.Cainiao’s Guoguo app, which offers crowd-sourced parcel pick-up and delivery services, had 100 million annual users at of the end of August. Its parcel volume more than doubled in the September quarter, compared with last year, according to its filing.Alibaba created Cainiao with the department-store chain Intime Retail Group Co. and industrial conglomerate Fosun International Ltd. The trio led an initial investment of 100 billion yuan into the company to build out its logistics network.The company has since managed a delicate relationship with its delivery partners, as players jostled for business and valuable user data. Alibaba’s facing increasing competition in delivery from Pinduoduo Inc., China’s No. 3 platform. Pinduduo is seeking to take control of its own data by developing in-house shipping information technology.Read more: E-commerce Upstart Pinduoduo Wants its Data Back From Alibaba(Updates with details on logistics from the third paragraph)To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The American fashion house, known for its luxury knits, pushes the fashion envelope forward for an expanded customer base with a fresh vision and voice from new creative director Zoe Turner. IRVINE, Calif., Nov. 7, 2019 /PRNewswire/ -- St. John, the American luxury house founded in 1962 on the premise of simple, elegant knitwear enters an exciting new era with a fashion-forward capsule collection and provocative social media campaign envisioned by recently-appointed creative director Zoe Turner. Embracing St. John's future while paying homage to its past, the story unfolds with a redesigned logo – a subtle yet powerful change.
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...
SHANGHAI , Nov. 4, 2019 /PRNewswire/ -- Fosun International Limited ("Fosun International") (00656:HK) announced today that it has signed a strategic cooperation agreement ("the Agreement") ...
Moody's Investors Service ("Moody's") has assigned a Ba2 senior unsecured rating to the Eurodollar notes to be issued by Fortune Star (BVI) Limited, and unconditionally and irrevocably guaranteed by Fosun International Limited (Fosun, Ba2 stable). "The proposed notes will not materially affect Fosun's financial profile," says Lina Choi, a Moody's Senior Vice President and Moody's International Lead Analyst for Fosun. Moody's expects Fosun's market value-based debt leverage (MVL) will reach 40% over the next 12-18 months, and adjusted (funds from operations [FFO] + interest)/interest coverage below 0.2x over the same period.
If you want to know who really controls Fosun International Limited (HKG:656), then you'll have to look at the makeup...
The liquidation of 178-year-old British tour operator Thomas Cook will have a limited financial impact on Chinese conglomerate Fosun International, the Hong Kong-listed company said on Friday.Fosun Tourism and Fidelidade, two of the conglomerate's major subsidiaries, together held 18.6 per cent of Thomas Cook's shares as of the end of June, making Fosun its largest shareholder.Fosun said the carrying amount, which means the recorded costs, after its accumulated impairment losses from its investment in Thomas Cook amounted to just 327 million yuan (US$45.8 million), according to a filing with the Hong Kong stock exchange.International rating agency Moody's Investors Service agreed that the liquidation's impact on Fosun would be limited, but added that it reflected the risks of the Chinese conglomerate's overseas investment strategy.Thomas Cook logos are pictured on the tail fins of the company's passenger aircraft at Manchester Airport in northern England on September 23. Photo: AFP alt=Thomas Cook logos are pictured on the tail fins of the company's passenger aircraft at Manchester Airport in northern England on September 23. Photo: AFP"The liquidation will have a limited impact on Fosun's future cash flow and market value-based leverage because it has a large and highly diversified investment portfolio, which amounted to about 229 billion yuan as of the end of 2018," Moody's said.The agency said Fosun Tourism and Fidelidade had recognised most of the impairment losses from their Thomas Cook investment in 2018 and the first half of this year and, therefore, further recognition of impairment losses would be limited.The collapse of Thomas Cook, to which Fosun, investors and creditors offered £900 million (US$1.1 billion) in the form of a financial lifeline last month, weighed on the Shanghai-based conglomerate's listed equities. Thomas Cook's collapse scuttles Fosun's global tourism ambitionFosun did not disclose its impairment losses from the Thomas Cook investment. It did say that on top of the carrying amount, it had never provided any guarantees to the tour operator, and had not made any investment in relation to its possible recapitalisation.Fosun has a strong investment appetite, and a track record of investing in financially weak businesses with the aim of turning them around for value appreciation, Moody's said.The conglomerate aims to create one of the world's largest leisure-focused businesses, and owns culture and tourism-related businesses such as French resort chain Club Med, Canadian circus company Cirque du Soleil and the Atlantis resort in southern China's main tropical resort island of Hainan, among other tourism assets.Thomas Cook's demise left 600,000 holidaymakers in the lurch, forcing the UK government to charter dozens of flights to bring hundreds of thousands of tourists home, in what authorities said was the biggest peacetime repatriation of British subjects.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.
Models at Lanvin's fashion show in Paris shrugged off the drizzle for a stroll through a dreamy museum garden on Wednesday, showing off long dresses, comic strip prints and adventurous capes. Guests, including French actress Isabelle Huppert, took shelter under see-through umbrellas on the outdoor catwalk, set among the bamboo and lush vegetation of the jungle-like garden at the Quai Branly, a museum focused on non-European cultures. The mix of male and female models, featuring sisters Bella and Gigi Hadid, swept past in flowing dresses and pastel tones.
Today we'll take a closer look at Fosun International Limited (HKG:656) from a dividend investor's perspective. Owning...