0656.HK - Fosun International Limited

HKSE - HKSE Delayed Price. Currency in HKD
16.660
-0.020 (-0.120%)
As of 10:57AM HKT. Market open.
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Previous Close16.680
Open16.560
Bid16.640 x 0
Ask16.660 x 0
Day's Range16.380 - 16.800
52 Week Range11.238 - 20.200
Volume3,604,985
Avg. Volume13,279,467
Market Cap142.921B
Beta1.24
PE Ratio (TTM)9.08
EPS (TTM)1.834
Earnings DateN/A
Forward Dividend & Yield0.35 (1.97%)
Ex-Dividend Date2018-06-08
1y Target Est24.77
  • Reuters3 days ago

    TIMELINE-Fortis Healthcare bidding war: The story so far

    April 20 (Reuters) - India's Fortis Healthcare Ltd (FHL), which runs a network of about 30 hospitals across India, became an attractive target for a heated takeover battle that has intensified over the ...

  • Reuters3 days ago

    CORRECTED: China's Fosun becomes fourth suitor for troubled Fortis

    The unsolicited non-binding offer follows one other offer of investment from local businesses and separate takeover bids from unlisted Manipal Health Enterprises Ltd and Malaysia's IHH Healthcare Bhd. Interest in Fortis comes as the government works to provide health insurance for about half of India's 1.3 billion population, which analysts expect will enable more people to use private healthcare services. Fortis runs about 30 hospitals, having grown rapidly with demand created by a stretched public healthcare system.

  • Reuters3 days ago

    India's Fortis in 5-way battle for control as KKR-backed firm makes offer

    The battle for control of India's Fortis Healthcare Ltd intensified after KKR-backed Radiant Life Care Private Ltd entered the fray with an offer to buy more than a quarter of the cash-strapped company's hospital business. In its non-binding offer, Radiant, the fifth suitor for Fortis, proposed on Thursday to make an investment and re-structure the company, Fortis said in a filing that had Radiant's offer letter attached to it.

  • Reuters3 days ago

    BRIEF-Fortis Healthcare Says Received Unsolicited Non-Binding Expression Of Interest From Radiant Life Care

    April 19 (Reuters) - Fortis Healthcare Ltd: * FORTIS HEALTHCARE - RECEIVED UNSOLICITED NON-BINDING EXPRESSION OF INTEREST FROM RADIANT LIFE CARE PRIVATE WITH PROPOSAL FOR MAKING INVESTMENT * FORTIS HEALTHCARE ...

  • PR Newswire3 days ago

    AmeriTrust Group, Inc. Comments On Improved A.M. Best Financial Strength Rating Outlook

    SOUTHFIELD, Mich. , April 19, 2018 /PRNewswire/ -- On April 19, 2018 , A.M. Best revised its outlook to positive from stable and affirmed the "B++ (Good)" Financial Strength Rating for the operating ...

  • Reuters4 days ago

    BRIEF-Fortis Healthcare Director Brian Tempest Says Co 'Focusing On Binding Offers'

    April 19 (Reuters) - Fortis Healthcare Director Brian Tempest: * FORTIS HEALTHCARE EXEC SAYS BOARD AND ADVISORY COMMITTEE "ARE FOCUSING ON BINDING OFFERS" * FORTIS HEALTHCARE EXEC SAYS BID FROM ...

  • Reuters4 days ago

    India's Fortis Healthcare to form panel to evaluate takeover bids

    April 19 (Reuters) - India's Fortis Healthcare Ltd , which runs around 30 multi-speciality hospitals in India, said on Thursday its board will set up an advisory committee to evaluate all takeover proposals. ...

  • Reuters4 days ago

    BRIEF-Fortis Healthcare To Establish Independent Evaluation Process For Evaluating All Binding Proposals

    April 19 (Reuters) - Fortis Healthcare Ltd: * CO APPROVED CONSTITUTION OF EXPERT ADVISORY COMMITTEE, TO OVERSEE EVALUATION PROCESS AND FUNCTION AS ADVISOR TO BOARD * DECIDED TO ESTABLISH INDEPENDENT EVALUATION ...

  • Reuters5 days ago

    China's Fosun becomes fourth suitor for troubled Fortis

    The unsolicited non-binding offer follows one other offer of investment from local businesses and separate takeover bids from unlisted Manipal Health Enterprises Ltd and Malaysia's IHH Healthcare Bhd. Interest in Fortis comes as the government works to provide health insurance for about half of India's 1.3 billion population, which analysts expect will enable more people to use private healthcare services. Fortis runs about 30 hospitals, having grown rapidly with demand created by a stretched public healthcare system.

  • IHH Is Said to Press $1.3 Billion Pursuit of India Hospital Firm
    Bloomberg5 days ago

    IHH Is Said to Press $1.3 Billion Pursuit of India Hospital Firm

    IHH, Asia’s most valuable hospital operator, has asked Fortis for three weeks to complete due diligence before making a potential binding offer, people with knowledge of the matter said. It sent a letter to Fortis’s board Monday with the due diligence request following its cash purchase proposal last week valuing the company at as much as $1.3 billion, according to the people, who asked not to be identified because the information is private. The letter says IHH is seeking information related to investigations of Fortis by India’s fraud watchdog and stock market regulator, the people said.

  • Reuters5 days ago

    Deals of the day-Mergers and acquisitions

    (Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions ...

  • Reuters5 days ago

    Fosun offers to invest up to $350 mln in India's Fortis Healthcare

    India's Fortis Healthcare Ltd , the target of two rival takeover bids, received an unsolicited investment offer of up to $350 million from a unit of Chinese conglomerate Fosun International, the company said in a regulatory filing on Tuesday. Fosun Healthcare in a letter to Fortis said it has offered up to 156 rupees ($2.38) per Fortis share and won't hold more than 25 percent stake in the hospital and diagnostics chain. Fosun has also offered a cash infusion of 1 billion rupees within the next 45 days, including the option of immediately subscribing to a convertible debt, if Fortis grants 30 days of exclusivity to negotiate the investment proposal.

  • Reuters5 days ago

    BRIEF-Fortis Healthcare Ltd says received an unsolicited non-binding expression of interest from Fosun Health Holdings Ltd

    April 17 (Reuters) - Fortis Healthcare Ltd : * FORTIS HEALTHCARE LIMITED SAYS RECEIVED AN UNSOLICITED NON-BINDING EXPRESSION OF INTEREST FROM FOSUN HEALTH HOLDINGS LIMITED * FORTIS HEALTHCARE - EXPRESSION ...

  • Reuters6 days ago

    Exclusive: China's Kam Fung in $1.2 billion talks for Spain's Incarlopsa - sources

    HONG KONG/MADRID (Reuters) - China's Kam Fung Group Company Ltd is in talks to acquire the bulk of Incarlopsa, in a deal that would value the Spanish meat producer at 1 billion euros ($1.2 billion), people with knowledge of the matter said. The potential deal comes as Chinese investors are gradually renewing their interest in overseas acquisitions as Beijing begins to ease tough currency controls it introduced to limit capital flight in late 2016. Kam Fung, a privately-held Chinese investment firm, is looking to buy a 95 percent stake in Incarlopsa, which is controlled by the Loriente Piqueras family and has nearly 200 million euros in debt, said one of the people.

  • Simply Wall St.7 days ago

    Is It Too Late To Buy Fosun International Limited (HKG:656)?

    Fosun International Limited (SEHK:656) saw a double-digit share price rise of over 10% in the past couple of months on the SEHK. As a large-cap stock with high coverage byRead More...

  • The Wall Street Journal9 days ago

    [$$] Chinese Companies Pay Up to Invest in Luxury Brands

    Chinese conglomerates including Fosun International Ltd. and Gansu Gangtai Holding are investing at premium prices in old European luxury brands like Lanvin—and often end up with a turnaround on their ...

  • Fosun Only Lives Twice
    Bloomberg19 days ago

    Fosun Only Lives Twice

    Buying the James Bond studio would risk bringing the Chinese group back into disfavor.

  • Reuters26 days ago

    China's Fosun aims to invest $3.2 billion in technology over three years

    Acquisitive Chinese conglomerate Fosun International, which owns Club Med and a stake in Cirque du Soleil within its broad portfolio, aims to invest at least 20 billion yuan ($3.2 billion) in technology in the next three years. Fosun's technology investments, which will focus on biotech, fintech and artificial intelligence technologies, are expected to reach at least 100 billion yuan in the next ten years, its executives said at an earnings briefing in Hong Kong. "For every company, if you are not led by the technology, you (probably) won't have a future," its billionaire chairman, Guo Guangchang, said on Wednesday, a day after Fosun reported a 28.2 percent jump in its annual profit to a record high, its fastest growth in four years.

  • Reuters26 days ago

    China's Fosun aims to invest $3.2 billion in technology over three years

    Acquisitive Chinese conglomerate Fosun International, which owns Club Med and a stake in Cirque du Soleil within its broad portfolio, aims to invest at least 20 billion yuan ($3.2 billion) in technology in the next three years. Fosun's technology investments, which will focus on biotech, fintech and artificial intelligence technologies, are expected to reach at least 100 billion yuan in the next ten years, its executives said at an earnings briefing in Hong Kong. "For every company, if you are not led by the technology, you (probably) won't have a future," its billionaire chairman, Guo Guangchang, said on Wednesday, a day after Fosun reported a 28.2 percent jump in its annual profit to a record high, its fastest growth in four years.

  • Reuters26 days ago

    China's Fosun aims to invest $3.2 bln in technology over 3 yrs

    Acquisitive Chinese conglomerate Fosun International, which owns Club Med and a stake in Cirque du Soleil within its broad portfolio, aims to invest at least 20 billion yuan ($3.2 billion) in technology in the next three years. Fosun's technology investments, which will focus on biotech, fintech and artificial intelligence technologies, are expected to reach at least 100 billion yuan in the next ten years, its executives said at an earnings briefing in Hong Kong.

  • Reuters26 days ago

    China's Fosun posts fastest profit growth in four years

    Acquisitive Chinese conglomerate Fosun International's full-year profit jumped 28.2 percent to a record high, it said on Tuesday, marking its fastest growth in four years. Fosun, which owns Club Med and a stake in Cirque du Soleil within its broad portfolio, achieved net profit of 13.16 billion yuan ($2.1 billion) last year, up from 10.27 billion yuan in 2016, it said in a filing to the Hong Kong stock exchange.

  • PR Newswire27 days ago

    Fosun International Announces 2017 Annual Results

    Net Profit Increases 28% to RMB13.16 Billion 2017 FINANCIAL RESULTS HIGHLIGHTS: Revenue increases 19% to RMB 88.03bn , net profit jumps 28% to RMB13.16bn Strong results driven by core operations, turnaround ...

  • Reuters27 days ago

    BRIEF-Fosun International Posts FY Net Profit Of RMB‍​13.16 Bln

    March 27 (Reuters) - Fosun International Ltd: * FY NET PROFIT RMB‍​13,161.3 MILLION VERSUS RMB10,268.3 MILLION * FY REVENUE RMB 88,025.2 MILLION VERSUS RMB73,966.6 MILLION * PROPOSES FINAL DIVIDEND OF ...

  • PR Newswire28 days ago

    Fosun International and HSBC Sign Strategic Cooperation Agreement

    SHANGHAI , March 26, 2018 /PRNewswire/ -- Fosun International Limited ("Fosun International") (00656:HK) and The Hongkong and Shanghai Banking Corporation Limited ("HSBC") today signed ...