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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.