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<Research>Citi Expects FOSUN INTL to Record Loss Last Yr, Pares TP to HKD5.6
Recommend 1 Positive 2 Negative 4 |
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FOSUN INTL (00656.HK)'s subsidiary, Shanghai Yuyuan, recently issued a profit warning, estimating the subsidiary will record a net loss attributable to shareholders of RMB4.8 billion for FY25, according to Citi's research report. Considering Yuyuan's profit warning and the latest forecasts for FOSUN INTL's other businesses (primarily the health sector), Citi estimates that FOSUN INTL will report a net loss of around RMB778 million for FY25. Citi has kept a Buy rating on FOSUN INTL but lowered its target price from HKD6.5 to HKD5.6. AAStocks Financial News |
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