Growth-Hungry Fanhua Finds A Potential Benefactor In Singaporean Investor [Seeking Alpha]
Fanhua Inc. - American depositary shares, each representing 20 ordinary shares (FANH)
Last fanhua inc. - american depositary shares, each representing 20 ordinary shares earnings: 3/18 04:55 pm
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ir.fanhuaholdings.com
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Source: Seeking Alpha
The deal is the latest in a series engineered by Fanhua as it seeks to accelerate its faltering growth. Fanhua shares currently trade at a trailing price-to-earnings (P/E) ratio of just 6. The insurance broker has struck a deal to receive up to $1 billion in new investment for itself and recently acquired wealth manager unit Puyi. Insurance broker Fanhua Inc. NASDAQ: FANH ) is increasingly looking like a low-key deal-making machine, as it tries to boost its faltering growth. The company last week announced major new investments for itself and its recently acquired wealth manager, Puyi Inc. NASDAQ: PUYI ), adding a major new achievement to its recent string of deals that could become key drivers to jumpstart its growth. Now, investors will be watching to see whether it can actually shore up its growth as easily as its financial maneuvering. Last Friday, Fanhua and Puyi said a group led by Singaporean private investment firm White Group will invest up to $500 million in each
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FANH
News
- Fanhua Inc. (NASDAQ: FANH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- FANHUA Files Annual Report on Form 20-F on April 29, 2024 and Announces Adoption of Semi-annual Financial Results Reporting Schedule [Yahoo! Finance]Yahoo! Finance
- FANHUA Files Annual Report on Form 20-F on April 29, 2024 and Announces Adoption of Semi-annual Financial Results Reporting ScheduleGlobeNewswire
- Fanhua Inc. (NASDAQ: FANH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Fanhua Inc. (NASDAQ: FANH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
FANH
Sec Filings
- 4/30/24 - Form 6-K
- 4/29/24 - Form 20-F
- 3/20/24 - Form 6-K
- FANH's page on the SEC website