[ET Net News Agency, 18 November 2019] Daiwa Research lowered its target price for
Fosun International (00656) to HK$16.5 from HK$18 factoring in the global macro
uncertainties faced by listed conglomerates and maintained its "buy" rating.
The research house said Fosun on the Daiwa Investment Conference highlighted its
investment targets will be "technology-driven" and family consumption-related and
emphasised its aim to control majority stakes in the companies in which it invests to
reinforce its "Buy & Operate" model.
In terms of industries, Fosun will focus on the health, happiness and wealth segments,
in which it already has interests, with a preference for companies with potential in
specialised areas. (KL)