SEHK:656Industrials
Fosun International (SEHK:656) Initiates Share Buyback to Enhance Earnings and Market Positioning
Fosun International (SEHK:656) has recently announced a share repurchase program, authorizing the buyback of up to 10% of its issued share capital, aiming to enhance net asset value per share and earnings per share. Despite reporting a decrease in net income for the first half of 2024, the company is poised for significant profit growth, projecting a 53.5% annual increase, supported by its strategic market positioning and commitment to innovation. In the following discussion, we will delve...