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Fosun International fully exits iShares MSCI China ETF, sells $5.84 million stake

Fosun International sold 106,000 shares of the iShares MSCI China ETF (MCHI) in the third quarter, disposing of an estimated $5.84 million and reporting no remaining MCHI holdings as of September 30 in an SEC filing. The sale completed a full exit from the ETF after MCHI rallied roughly 28–33% over the past year and nearly 30% year-to-date. The move is presented as portfolio rebalancing and risk management rather than a direct bearish view on Chinese equities. » More on finance.yahoo.com

Historical dividends Dividends

All dividend metrics All metrics

In 2020, Fosun Tourism has already paid €0.00226 in dividends. The last payout was in July 2020.

Financials

In the last year, Fosun Tourism had revenue of €2.19bn and net profit of €39.26m

(EUR)	2023	YoY
Revenue	2.19bn	17.71%
Gross profit	715.03m	32.59%
Net profit	39.26m	153.31%
EBITDA	481.55m	48.34%

Fundamentals

Metric	Value
Market capitalization	€1.1bn
Number of shares	1.24bn
52-week high/low	€0.88 - €0.35
Dividends	No
Beta	1.09
P/E ratio	26.35
PEG ratio	0.26
P/B ratio	3.56
P/S ratio	0.48

Company profile

Fosun Tourism Group, an investment holding company, provides resort services in Europe, the Middle East, Africa, the United States, and the Asia Pacific. It operates through three segments: Resorts and Hotels, Tourism Destinations, and Services and Solutions in Various Tourism and Leisure Settings. The Resorts and Hotels segment operates and manages vacation resorts under the Club Med and Club Med Joyview, Casa Cook, and Cook's Club brands. As of December 31, 2021, it had 14 owned, 38 leased, and 12 management contract operated resorts. The Tourism Destinations segment engages in the development, operation, and management of tourism resources and vacation facilities; and facilities directly and indirectly supporting tourism. This segment offers services under the Atlantis Sanya, Lijiang FOLIDAY Town, and Taicang FOLIDAY Town brands. The Services and Solutions in Various Tourism and Leisure Settings segment is involved in the development and promotion of the cultural events, performing arts, live entertainment, and culture-related services; and operation of online and offline tourism and leisure products, and solution platforms. The company operates Miniversity, a learning and playing club for children; and FOLIDAY platform. In addition, it engages in the provision of tourism and leisure products under the FOLIDAY Town brand; and real estate activities, as well as wholesale and retail of Club Med products. The company was formerly known as Fosun Tourism and Culture Group (Cayman) Company Limited and changed its name to Fosun Tourism Group in August 2018. The company was founded in 1950 and is based in Central, Hong Kong. Fosun Tourism Group is a subsidiary of Fosun International Limited.