[ET Net News Agency, 21 November 2017] Citi Research lifted its target price for Fosun
International (00656) to HK$23 from HK$15.5, and maintained its "buy" rating.
The research house sees potential upside on its ability to harvest on its pre-IPO
projects in a bull market. Fosun continues to pad its investment track record with
divestments this year and Citi believes there could be more to come.
Fosun has done quite a few divestments in 2017 (e.g. Juewei, Ironshore and Sisram).
Another significant pipeline Fosun-backed IPO is BabyTree, the largest online portal that
targets the fast-growing parenting community in China. (KL)
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00656 FOSUN INTL
Nominal 
4.340 +0.040 (+0.930%) Others
21/11/2017 14:00
[I-bank focus]Citi lifts Fosun Int'l (00656) to HK$23; "buy"
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