Citi Adds Fosun International to Short-Term Watch List, Issues Buy Rating
Stock News
Jul 30
Citi has released a research report indicating the addition of FOSUN INTL (00656) to its 30-day short-term upside watch list, with a "Buy" rating and a target price of 5.6 Hong Kong dollars.
Citi noted that FOSUN INTL issued a positive profit alert for the first half of 2026, forecasting a profit of approximately 1.5 billion to 1.8 billion Chinese yuan. The midpoint of this range represents roughly 54% of the bank's current full-year 2026 earnings forecast, or about 66% of the market consensus for full-year 2026 earnings.
The bank believes that higher-than-expected earnings could drive a short-term rise in FOSUN INTL's share price.
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