Fosun
by Feddie | July 8, 2015 12:08 pm
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[1] it is at HK$13.00 level and starts to look attractive at a P/E of 11 or so. Any opinions?
Endnotes:
- China: https://www.stockgumshoe.com/tag/china/
Source URL: https://www.stockgumshoe.com/2015/07/microblog-fosun/
Haven’t looked into the filings for this one in a while, but they’ve been buying up companies and real estate like crazy over the past six months. I’d want to look at their balance sheet and holdings again to see how the valuation stacks up, but with the crash in China stocks it’s probably worth taking that look.
Thanks Travis.
It shot up almost 20% in today’s trading (HK time).