Fosun Tourism Culture (01992) rose by more than 8% at its highest, up 6.15% to HKD 3.97 as of press time, with a turnover of HKD 11.2388 million.
According to the Intelligence Finance app, Fosun Tourism Culture (01992) rose by more than 8% at its highest, up 6.15% to HKD 3.97 as of press time, with a turnover of HKD 11.2388 million.
On the news front, on June 18th, the Phase II of Taicang Alps International Resort, with a total investment of over 5 billion yuan and operated by Fosun Tourism, was officially signed, with the investment of the Taicang government platform. It is worth mentioning that Club Med Mediterranean Club under Fosun Tourism has operated 25 mountain and snow resorts worldwide, located in ice and snow resort destinations such as the Alps, Hokkaido, and Quebec.
Zhongtai Securities pointed out that the company is continuing to promote its high-end global strategy, with an increase in the proportion of high-end and exclusive resort series, driving price increases that are clearly higher than in 2019 (CNY 1286). In addition, the tourism industry is expected to continue to transform towards leisure vacation mode, and the demand for leisure, family, and diversified vacations will continue to inject development momentum into the company. The bank expects that with the upgrading and expansion of Club Med in the future, the company's tourism operations will continue to maintain stable growth.