Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Fosun International Limited
  6. News
  7. Summary
    656   HK0656038673

FOSUN INTERNATIONAL LIMITED

(656)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

China's Fosun to set up JV with BioNTech to make COVID-19 vaccines-Caixin

12/30/2020 | 04:57am EDT

BEIJING, Dec 30 (Reuters) - Shanghai Fosun Pharmaceutical Group will set up a joint venture with Germany's BioNTech to produce COVID-19 vaccines in China, financial magazine Caixin reported on Wednesday.

The first phase of the China-based manufacturing facility will have a production capacity of 200 million doses, Caixin said, citing people familiar with the matter. It did not specify how long it would take to produce that many doses.

A spokesman from Fosun declined to comment on the report.

Fosun Pharma had said it aims to move from importing finished vaccine from the German firm to conducting some filling procedures on its own, using imported bulk ingredients and then eventually making vaccines from scratch, although it has not announced a specific timeline.

Fosun said earlier this month it will buy at least 100 million doses of vaccine from BioNTech for use in mainland China next year, if the vaccine receives regulatory approval in the country. (Reporting by Roxanne Liu and Ryan Woo; Editing by Kim Coghill)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE 10.37% 313.45 Delayed Quote.284.51%
FOSUN INTERNATIONAL LIMITED -3.59% 10.2 End-of-day quote.-16.26%
SHANGHAI FOSUN PHARMACEUTICAL (GROUP) CO., LTD. 2.25% 70.35 End-of-day quote.30.30%
All news about FOSUN INTERNATIONAL LIMITED
07/19Sisram Medical Seeks $80 Million in Private Placement; Shares Fall 6%
MT
07/13Hong Kong says no personal data shared in vaccine deal with Fosun
RE
07/12Politics, health collided in Taiwan's tortured BioNTech vaccine talks
RE
07/11Taiwan finally getting BioNTech COVID vaccines in $350 mln deal
RE
07/06Fosun International Limited commences an Equity Buyback for 836,590,642 share..
CI
06/11VIEWRAY : Insider Sales at ViewRay (VRAY) are Significant
MT
06/10MARKET CHATTER : Juneyao Airlines, Trip.com Seen Bidding for HNA Assets
MT
06/10INSIDER TRENDS : Insider Adds to Selling Trend at ViewRay
MT
06/09SHANGHAI FOSUN PHARMACEUTICAL : Fosun, CQ Pharma Enter Into Mutual Supply Agreem..
MT
06/09Shanghai Fosun Pharmaceutical Co., Ltd. Enter into Fosun International Mutual..
CI
More news
Financials
Sales 2021 153 B 23 597 M 23 597 M
Net income 2021 13 090 M 2 017 M 2 017 M
Net Debt 2021 111 B 17 066 M 17 066 M
P/E ratio 2021 5,28x
Yield 2021 4,07%
Capitalization 71 211 M 10 974 M 10 972 M
EV / Sales 2021 1,19x
EV / Sales 2022 1,11x
Nbr of Employees 76 000
Free-Float 27,7%
Chart FOSUN INTERNATIONAL LIMITED
Duration : Period :
Fosun International Limited Technical Analysis Chart | 656 | HK0656038673 | MarketScreener
Technical analysis trends FOSUN INTERNATIONAL LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 8,51 CNY
Average target price 11,01 CNY
Spread / Average Target 29,4%
EPS Revisions
Managers and Directors
Qi Yu Chen Co-Chief Executive Officer & Executive Director
Xiao Liang Xu Co-Chief Executive Officer & Executive Director
Ping Gong Chief Financial Officer & Executive Director
Hou Lin Zhang Co-Chief Financial Officer & Senior Vice President
Li Gang Zhang Co-CFO & GM-Financial Management
Sector and Competitors
1st jan.Capi. (M$)
FOSUN INTERNATIONAL LIMITED-16.26%11 376
ALLIANZ SE4.73%102 487
CHUBB LIMITED10.01%76 142
MARSH & MCLENNAN COMPANIES, INC.26.19%74 327
ZURICH INSURANCE GROUP LTD-1.63%59 705
BAJAJ FINSERV LIMITED56.86%29 496