Nomura Orient International Securities maintains "overweight" rating for Fosun International, citing strong growth in core businesses and a HK$5.59 price target.
Nomura Orient International Securities reiterates "overweight" rating for Fosun International, attributing its core businesses' growth to effective strategy and focus on core operations. Fosun Tourism Group's Club Med broke a record in 2023 with RMB15.1 billion business volume and Atlantis Sanya saw a 90.9% year-on-year increase. Nomura sets a HK$5.59 price target with 19.85% upside potential.
May 02, 2024
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