FOSUN TOURISM (01992.HK) recently announced on the Stock Exchange that it plans to buy back company shares through an agreement arrangement at a cash price of 7.8 yuan per share, representing a 95% premium over the price before the suspension, involving an investment of approximately 2.122 billion yuan. After the plan takes effect, FOSUN TOURISM will withdraw its listing status on the Stock Exchange.

Citi published a Research Report stating that the aforementioned buyback plan represents a high premium privatization, and the buyback valuation implies a PE of 22 times. Therefore, it maintains its forecast for FOSUN TOURISM while raising the Target Price to 7.8 yuan, maintaining an "outperform" rating.

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