Credit Lyonnais issued a research report stating that it maintains a 'Outperform' rating for FOSUN TOURISM (01992), indicating that the buyback plan represents a high-premium privatization, with the buyback valuation implying a PE of 22 times. Therefore, the forecast for FOSUN TOURISM is upheld, and the Target Price is raised to 7.8 Hong Kong dollars.

The report states that the company previously announced on the stock exchange that it plans to buy back the company's shares via a contractual arrangement at a cash price of 7.8 Hong Kong dollars per share, which is a 95% premium over the price before trading was suspended, involving approximately 2.122 billion Hong Kong dollars, funded through internal cash resources and/or external debt financing. Once the plan is implemented, FOSUN INTL and SingHoldings will respectively hold about 98.44% and 1.56% of the company's equity.