written by reader Fosun

By Feddie, July 8, 2015

Is Fosun (HKG:0656) back in buy territory?
I follow it since it was one of the ideas of the month last August. At that point it was around HK$10.00. It subsequently went up to HK$22.00. Now with the slump in China it is at HK$13.00 level and starts to look attractive at a P/E of 11 or so. Any opinions?

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