China's Fosun International hits 7-1/2 month peak on robust H1 profit forecast
30/07/2026 04:37
BUZZ-China's Fosun International hits 7-1/2 month peak on robust H1 profit forecast ** Shares of Chinese conglomerate Fosun International 0656.HK surge 9.2% to HK$4.85, their highest point since December 15, 2025
** Stock on track for the biggest one-day pct gain since August 12, 2025
** The tourism and leisure-to-intelligent manufacturing business operator expects its H1 net profit to jump 127%-172% y/y to 1.5 bln yuan-1.8 bln yuan ($221.89 mln-$266.26 mln)
** Company cites the increase is due to the strong resilience demonstrated by its core industries in the first half of 2026, the steady improvement in operating quality, and the substantial increase in profit from industrial operations
** YTD, stock up 8%, benchmark Hang Seng Index .HSI up 0.4%
($1 = 6.7602 Chinese yuan renminbi)
(Reporting by Donny Kwok)