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Fosun International Issues Profit Warning Amid Investment Adjustment

Story Highlights
  • Fosun International anticipates a significant loss in 2024 due to investment adjustments.
  • Despite the loss, Fosun’s core operations remain stable with a focus on long-term growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fosun International Issues Profit Warning Amid Investment Adjustment

Elevate Your Investing Strategy:

Fosun International ( (HK:0656) ) has provided an announcement.

Fosun International has issued a profit warning for the 2024 financial year, anticipating a significant loss due to a substantial adjustment in the carrying value of its investment in Cainiao Smart Logistics Network Limited. Despite this expected loss, the company’s core operations remain stable, with a clear strategic focus and robust industrial capabilities aimed at ensuring long-term growth.

More about Fosun International

Fosun International Limited is a multinational conglomerate headquartered in China, with a diverse portfolio spanning industries such as healthcare, tourism, and finance. The company is known for its strategic investments and operational capabilities, focusing on long-term growth and stability.

Average Trading Volume: 740

Technical Sentiment Signal: Buy

Current Market Cap: $4.52B

For an in-depth examination of 0656 stock, go to TipRanks’ Stock Analysis page.

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