Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Fosun International ( (HK:0656) ) has issued an update.
Fosun International has announced a progress update regarding its disposal of equity interest in Guangzhou Taotall and potential subscription in Hangzhou Tianyuan. The new agreement, following a revised valuation report, adjusts the terms of sale and payment, impacting the financial arrangements for Fosun Joygo and other sellers. This move reflects Fosun’s strategic realignment and could influence its market positioning and stakeholder relations.
The most recent analyst rating on (HK:0656) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Fosun International stock, see the HK:0656 Stock Forecast page.
More about Fosun International
Fosun International is a diversified conglomerate with business interests spanning multiple industries, including healthcare, tourism, and finance. The company is known for its strategic investments and acquisitions, aiming to enhance its global presence and market influence.
Average Trading Volume: 13,638,986
Technical Sentiment Signal: Buy
Current Market Cap: HK$42.93B
Find detailed analytics on 0656 stock on TipRanks’ Stock Analysis page.