Citi Anticipates FOSUN INTL to Report Loss for Last Year, Lowers Target Price to HKD 5.6
Profit Warning from Subsidiary: Shanghai Yuyuan, a subsidiary of FOSUN INTL, has issued a profit warning, projecting a net loss of RMB4.8 billion for FY25.
Overall Loss Forecast: Citi estimates that FOSUN INTL will incur a net loss of approximately RMB778 million for FY25, considering the profit warning and forecasts for its other businesses.
Short Selling Activity: FOSUN INTL has experienced significant short selling, amounting to $16.87 million, with a short selling ratio of 32.096%.
Rating and Target Price Adjustment: Despite the negative outlook, Citi maintains a Buy rating on FOSUN INTL but has reduced its target price from HKD6.5 to HKD5.6.
Trade with 70% Backtested Accuracy
Analyst Views on 00656
About the author
Changes to MSCI China Index Constituents: Addition of YOFC, HESAI-W, PONY-W, and SENSETIME-W
MSCI Index Review Results: MSCI announced the results of its index review, effective after market close on February 27, with 37 stocks added and 16 stocks removed from the MSCI China Index.
Stocks Added: Notable additions include HESAI-W, PONY-W, SENSETIME-W, and YOFC, with varying short selling ratios and price changes.
Stocks Removed: Stocks removed from the index include Autohome ADR, CHINACOMSERVICE, CHINA VANKE, FOSUN INTL, ZHEJIANGEXPRESS, and Qfin Holdings, with significant short selling activity noted.
A-Shares Changes: The remaining changes in the index pertained to A-shares, indicating a broader adjustment beyond just Hong Kong stocks and ADRs.
Citi Anticipates FOSUN INTL to Report Loss for Last Year, Lowers Target Price to HKD 5.6
Profit Warning from Subsidiary: Shanghai Yuyuan, a subsidiary of FOSUN INTL, has issued a profit warning, projecting a net loss of RMB4.8 billion for FY25.
Overall Loss Forecast: Citi estimates that FOSUN INTL will incur a net loss of approximately RMB778 million for FY25, considering the profit warning and forecasts for its other businesses.
Short Selling Activity: FOSUN INTL has experienced significant short selling, amounting to $16.87 million, with a short selling ratio of 32.096%.
Rating and Target Price Adjustment: Despite the negative outlook, Citi maintains a Buy rating on FOSUN INTL but has reduced its target price from HKD6.5 to HKD5.6.
Joyson Electronics Begins IPO Today with Entry Fee of HKD 11,919; CCB and Fosun International Subsidiaries as Key Cornerstone Investors
IPO Announcement: JOYSON ELEC has announced its IPO details in Hong Kong, planning to offer 155.1 million H-shares, with 10% allocated for the Hong Kong public and 90% for international investors.
Financial Details: The maximum offer price is set at HKD23.6 per share, aiming to raise approximately HKD3.66 billion, with an entry fee for a board lot of 500 shares around HKD11,919.01.
Changes to MSCI China Index Constituents: Addition of YOFC, HESAI-W, PONY-W, and SENSETIME-W
MSCI Index Review Results: MSCI announced the results of its index review, effective after market close on February 27, with 37 stocks added and 16 stocks removed from the MSCI China Index.
Stocks Added: Notable additions include HESAI-W, PONY-W, SENSETIME-W, and YOFC, with varying short selling ratios and price changes.
Stocks Removed: Stocks removed from the index include Autohome ADR, CHINACOMSERVICE, CHINA VANKE, FOSUN INTL, ZHEJIANGEXPRESS, and Qfin Holdings, with significant short selling activity noted.
A-Shares Changes: The remaining changes in the index pertained to A-shares, indicating a broader adjustment beyond just Hong Kong stocks and ADRs.
Citi Anticipates FOSUN INTL to Report Loss for Last Year, Lowers Target Price to HKD 5.6
Profit Warning from Subsidiary: Shanghai Yuyuan, a subsidiary of FOSUN INTL, has issued a profit warning, projecting a net loss of RMB4.8 billion for FY25.
Overall Loss Forecast: Citi estimates that FOSUN INTL will incur a net loss of approximately RMB778 million for FY25, considering the profit warning and forecasts for its other businesses.
Short Selling Activity: FOSUN INTL has experienced significant short selling, amounting to $16.87 million, with a short selling ratio of 32.096%.
Rating and Target Price Adjustment: Despite the negative outlook, Citi maintains a Buy rating on FOSUN INTL but has reduced its target price from HKD6.5 to HKD5.6.
Joyson Electronics Begins IPO Today with Entry Fee of HKD 11,919; CCB and Fosun International Subsidiaries as Key Cornerstone Investors
IPO Announcement: JOYSON ELEC has announced its IPO details in Hong Kong, planning to offer 155.1 million H-shares, with 10% allocated for the Hong Kong public and 90% for international investors.
Financial Details: The maximum offer price is set at HKD23.6 per share, aiming to raise approximately HKD3.66 billion, with an entry fee for a board lot of 500 shares around HKD11,919.01.
