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Citi Reiterates “Buy” Rating on Fosun International and Lifts Target Price to HK$6.5
Citi remains positive on Fosun’s business streamlining and core business-focused strategy. Following a series of recent meetings with Fosun’s management team, Citi noted that the discussions reflected a clear strategic direction. Management has indicated that Fosun will continue to focus on its core businesses, deepen its global presence, and continue to step up innovation efforts.
Citi also notes Fosun’s ongoing efforts to optimize its financial structure and highlights its firm commitment to deleveraging and divesting non-core assets. Fosun’s business streamlining approach will not only enhance financial resilience but also sharpen the Group’s strategic focus on core businesses to unlock long-term value. UBS, in its latest research report, also notes Fosun’s proactive steps to dispose non-core assets, optimize its asset portfolio, and increase cash flow amid improving equity market sentiment and valuation, thus raising the target price for Fosun International.
In fact, multiple domestic and international securities firms, including Citi, Industrial Securities, Kaiyuan Securities, Huaxi Securities, SDIC Securities, China Securities, and Founder Securities, currently hold “Buy” or “Overweight” ratings on Fosun International, with target prices ranging from HK$6.5 to HK$7.5. They are confident in Fosun’s solid business resilience and innovation-driven growth. Citi highlights that Fosun’s health and insurance businesses will provide long-term profit momentum for the Group, while securities firms such as Industrial Securities and Huaxi Securities remain upbeat on the sustained breakthroughs in Fosun’s core cultural tourism and consumer businesses.
Powered by continuous innovation, Fosun’s Health segment has achieved multiple breakthroughs in the field of innovative drugs, earning strong endorsements from securities firms. Among which, HANSIZHUANG, an anti-PD-1 monoclonal antibody independently developed by Fosun, has become the world’s first anti-PD-1 monoclonal antibody approved for the first-line treatment of small cell lung cancer (SCLC). To date, it has been approved for marketing in nearly 40 countries and regions, including China, the European Union, the United Kingdom, Singapore, and India. Additionally, HLX43, a PD-L1-targeting antibody-drug conjugate (ADC) independently developed by Fosun, is undergoing clinical studies for solid tumors such as non-small cell lung cancer and thymic carcinoma in countries including China, the United States, and Australia. Currently, no PD-L1 ADC has been approved globally, positioning HLX43 as a potential highly effective and safe broad-spectrum anticancer drug.
In the insurance business, Fidelidade maintained steady growth in 2024. It recorded a 12.7% year-on-year increase in insurance income, with net profit for the full year reaching EUR253 million. In July 2025, S&P assigned Fidelidade an “A” rating. It anticipates that, over the next two years, Fidelidade will continue to maintain its leading positions in both Portugal and international markets, and sustain robust capital strength and profitability to achieve steady growth.
In the cultural tourism business, during the National Day and Mid-Autumn Festival holidays in 2025, Taicang Alps International Resort welcomed over 50,000 visitors, while Lijiang Club Med Resort reported full occupancy for three consecutive days. In addition, the six resorts of Club Med Urban Oasis and Club Med Joyview saw their average daily room rates increase nearly 10% year-on-year. In particular, the Heilongtan resort sustained an occupancy rate above 94% for six consecutive days, driving a 36% year-on-year increase in total business volume for Club Med in China and a 213% surge in inbound tourists. Meanwhile, Atlantis Sanya achieved a 20% year-on-year increase in average daily room rate, further consolidating its leadership in the high-end resort market.
In the consumer business, securities firms note that Yuyuan is accelerating adjustments to its overall operating strategy. While short-term earnings are experiencing pressure, the jewelry segment’s results indicate the company has entered the latter stage of its adjustment cycle, with core businesses gradually recovering. Citi also highlights the positive sequential momentum in Yuyuan’s gold and jewelry business, demonstrating the resilience of Fosun’s consumer portfolio. The market broadly anticipates that with a moderate recovery in the consumer market, the establishment of the Shanghai International Jewelry & Style District, and the deepening of global presence, Yuyuan is poised to establish new growth drivers in core areas such as jewelry fashion and commercial operations, unlocking greater growth potential.
Fosun continues to promote innovation in asset management and fintech, gaining recognition from domestic and international securities firms including Citi. In the research report, Citi highlights Fosun’s increased resources and attention to fintech and Web3.0 businesses and notes that its subsidiary Finloop Finance Technology has emerged as a leading fintech company in the Hong Kong market. Incubated by Fosun Wealth, Finloop Finance Technology is positioned as an AI-driven, one-stop Web5 (Web2 + Web3) wealth technology platform with licensed operations in Hong Kong. Huaxi Securities and SDIC Securities highlight that Finloop Finance Technology is making steady progress in the virtual asset market with the launch of its FinRWA platform. Powered by a proprietary research and development system, the FinRWA platform provides enterprises and financial institutions with compliant and efficient access to Web3, supporting tokenized issuance and distribution of both public and private funds. It has already executed several innovative projects, including the launch of the Hong Kong’s first platform for multi-currency tokenized funds, facilitating the rollout of Hong Kong’s first tokenized fund under a unit trust structure, and the debut of Asia’s first comprehensive technical solution for “Hong Kong Stock Performance-Linked Token”. In April this year, Finloop Finance Technology was recognized by the Office for Attracting Strategic Enterprises (OASES) of the Government of the Hong Kong Special Administrative Region as one of its key enterprises.
Multiple securities firms note that Fosun’s core businesses are operating steadily. With a continued focus on industries of strength and potential, Fosun is deepening its global presence and intensifying its technology innovation efforts, thereby shaping a resilient business framework capable of withstanding economic cycles. Consequently, these firms maintain an optimistic outlook on Fosun International’s long-term growth.
Hashtag: #Fosun
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CUHK’s Academic Excellence and Global Research Impact
CUHK’s academic rigour is further recognised in the 2026–27 Best Global Universities Rankings by U.S. News & World Report, where it ranks 28th globally and 5th in Asia, remaining Hong Kong’s top university for the fourth consecutive year. The University features 15 subjects in the global top 50, including five in the top 10, such as Education and Educational Research (#1), Gastroenterology and Hepatology (#2), Computer Science (#7), and Arts and Humanities and Artificial Intelligence (both ranked #9).
CUHK: Where Bold Ideas Become Impactful Research
CUHK provides an exceptional environment for impactful research, supported by approximately 300 research institutes and centres, alongside four state key laboratories approved by the Ministry of Science and Technology of China. Reflecting on the academic environment, Zhamilya Zhirenova, a PhD student in Biomedical Science from Kazakhstan, has deepened her expertise through her involvement with the Centre for Neuromusculoskeletal Restorative Medicine (CNRM), an InnoHK research centre CUHK established with Sweden’s Karolinska Institutet.
Unlike traditional research pathways, where students are often confined to a single university laboratory, Zhamilya gained extensive experience at Hong Kong Science Park, a dynamic setting that closely resembles industry. “It feels more like an industrial company,” she reflected, “and that experience has been invaluable.” For researchers with ambitions beyond academia, such early exposure to the pace and expectations of the biotech industry provides a distinct advantage.
Nurturing the Next Generation of Scientific Innovators
Many of CUHK’s scholars are globally renowned experts who have made significant breakthroughs in their respective fields. These experts provide valuable mentorship, cultivating an intellectually stimulating environment for innovative research.
At the Centre for Novostics, an InnoHK research centre dedicated to advancing molecular diagnostics, Yasine Malki, a Chemical Pathology PhD student from Hong Kong, highlighted mentorship as a defining aspect of his experience at CUHK. Benefiting from the mentorship of Professor Dennis Lo, CUHK’s Vice-Chancellor and President, and a pioneer in molecular diagnostics, Yasine collaborates with specialists in molecular technologies, bioinformatics, and clinician-scientists, exemplifying CUHK’s dynamic, multidisciplinary approach to medical science.
Through the latest global rankings, CUHK continues to demonstrate the impact of its research and scholarship. The University offers robust financial support to attract top-tier global talent, such as the Hong Kong PhD Fellowship Scheme (HKPFS) for the 2027–28 intake, which provides over HK$1.81 million (approximately US$232,420) in funding. Applications open on 1 September 2026.
Hashtag: #CUHK
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About CUHK
Founded in 1963, The Chinese University of Hong Kong (CUHK) is a leading comprehensive research university with a global reputation and world-leading rankings. Located in the heart of Asia, CUHK has a vision and a mission to combine tradition with modernity, and to bring together China and the West. The University has eight faculties: Arts, Business Administration, Education, Engineering, Law, Medicine, Science, and Social Science. Together with the Graduate School, the University offers over 300 undergraduate and postgraduate programmes. All faculties are actively engaged in research in a wide range of disciplines, with an array of research institutes and research centres specialising in interdisciplinary research of the highest quality.
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HKDL’s Immersive Interactive Experiences Win Guests’ Hearts Lucky Nugget Spin at Grizzly Gulch Surpasses 30,000 Participations
Immersive experiences fuel collectible merchandise craze and extend magical memories
HONG KONG SAR – Media OutReach Newswire – 11 July 2026 – In tune with the growing popularity of experiential travel and guests’ desire for participation and immersive experiences throughout their journeys, Hong Kong Disneyland Resort (HKDL) has been integrating retail with storytelling at the park through an endless flow of innovative interactive experiences and distinctive merchandise offerings. Emotional connections with guests are strengthened as merchandise is transformed into meaningful souvenirs interwoven with their Disney memories.
Launched in April this year at Grizzly Gulch, the Chip ‘n’ Dale Lucky Nugget Spin has recorded more than 30,000 participations as of the end of June, becoming one of the park’s most popular activities. Combining storytelling, live interactions, and surprises, the experience has been warmly received by guests and has further enhanced the atmosphere throughout the land.
David Koo, director of merchandise at Hong Kong Disneyland Resort, shared: ‘Today’s guests are looking for more than products; they want keepsakes that capture the stories and memories of their visit. Through interactive experiences, we hope to make merchandise a natural extension of the Disney park journey. Whether it is a plush toy, a pin or an accessory, the true value lies not only in the item itself, but in the magical moments and personal memories it represents.’
David Koo, director of merchandise at Hong Kong Disneyland Resort, is pictured in the center
This story- and interaction-driven strategy has been incorporated into various guest experiences across the resort. For example, in an engaging experience at the Popcorn Pop-Up Shop on Main Street, U.S.A., guests can reach into a giant popcorn bucket-themed installation to catch a “popcorn” and reveal the hidden Pixar pals plushie together with Disney cast members on the spot. Meanwhile, the Snow White Grotto, located beside the Castle of Magical Dreams, has introduced a new “Lock of Dreams” experience, offering guests a sense of ceremony and a souvenir to cherish.
Disney’s Classic Pin Trading Tradition Extends the Magic Beyond the Visit
Disney’s iconic Pin Trading tradition has long been an important part of how guests explore the park and connect with others. Reopened in June, Main Street Collectibles now features dedicated pin display areas designed to celebrate and elevate this beloved tradition. Guests can discover unexpected treasures while searching for favorite designs as they trade pins with Disney cast members and fellow collectors. More than just an addition to a collection, each pin carries unique memories and extends the guest journey.
More Than 3.5 Million 20th Anniversary Merchandise Items Snapped up
New Pixar and Marvel Experiences on the Way
Merchandise sales grew continuously during Hong Kong Disneyland’s 20th anniversary celebrations, which attracted a large number of local, mainland, and international visitors and concluded with fanfare in June. Since late June last year, the resort has sold more than 3.5 million 20th Anniversary-themed merchandise. Among them, about 600,000 units of the SouvenEARS collection have been snapped up. Meanwhile, the blind-box series inspired by attractions and themed lands achieved sales of more than 500,000 units during fiscal year 2025, demonstrating the continued popularity of merchandise with strong storytelling elements and collectible appeal.
Looking ahead, HKDL will continue to enrich the guest experience across the resort. New Pixar-themed and Marvel-themed experiences will be introduced, further expanding both entertainment and retail offerings. Through ongoing innovation, HKDL remains committed to meeting guests’ demand for more immersive experiences, enhancing its appeal to local, mainland, and international visitors, and strengthening its position as a leading travel destination in the region.
Hashtag: #HongKongDisneylandResort
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The HR Asia Awards are among Asia’s most prestigious annual human resources awards, recognizing organizations that demonstrate excellence in workplace culture and sustainable people development. Winners are evaluated using the TEAM (Total Engagement Assessment Model), which measures employee engagement, organizational trust, and workplace experience, drawing on benchmarking data from more than 2.5 million employees across 20,000 organizations throughout the region.
According to the independent assessment conducted for the HR Asia Awards 2026, Green SM significantly outperformed market benchmarks in the “Best Companies to Work for in Asia” category, achieving outstanding scores across several key dimensions, including technology enablement in the workplace (4.8/5), workplace sustainability (4.71/5), and diversity, equity, and inclusion (4.72/5).
A defining element of Green SM’s workplace culture is its unwavering commitment to the principle that “Every Voice Counts.” This commitment is embedded through comprehensive employee engagement initiatives, including regular internal surveys, 360-degree performance evaluations, and multiple feedback channels that transform employee insights into tangible improvements in policies, workplace practices, and operational excellence.
At Green SM, talent development is viewed not merely as an HR function but as a strategic driver of service excellence. The Company continues to invest comprehensively in recruitment, professional training, operational standardization, workplace culture, and structured career development pathways for its Green Drivers. In parallel, Green SM delivers continuous capability-building programs for managers and employees, combining practical learning with digital learning platforms to strengthen leadership and management capabilities and organizational agility in an evolving business environment.
Alongside its investment in people, Green SM has been progressively building a unified organizational culture across its international markets. Rooted in values established in Vietnam while embracing the diversity of local cultures and communities, the Company fosters an environment that encourages collaboration, continuous learning, and empowerment. This enables teams across different countries to uphold consistent service standards while remaining responsive to the unique needs of local customers and communities.
Green SM also received the Technology Empowerment Awards in recognition of its continued digital transformation in human resource management. Through the digitalization of HR processes, the development of competency frameworks, the expansion of digital learning ecosystems, and the integration of data-driven people management, the Company has streamlined repetitive administrative tasks, enhanced decision-making efficiency, and enabled employees to devote greater focus to innovation, customer experience, and superior service delivery.
Mr. Nguyen Quoc Tuan, Global Chief Executive Officer of Green SM, said: “Our people have always been the cornerstone of Green SM’s sustainable growth. We believe that when individuals are empowered by technology and united by shared values, our teams across every market can deliver exceptional experiences for our customers. These two awards affirm the direction we have taken and further strengthen our commitment to building a truly multinational organization with its roots in Vietnam.”
In 2026, Green SM aims to expand its global workforce and partner network to approximately 400,000 people worldwide. As the Company continues to accelerate its international expansion, it will further invest in talent development and technology-driven people management to build a highly capable global workforce, maintain consistent service excellence across markets, and advance its vision of becoming the world’s leading green mobility platform.
Hashtag: #GreenSM
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