Bank of America Securities Lowers MICROPORT Target Price to HK$13.9, Reiterates "Buy" Rating

Stock News04-09

Bank of America Securities issued a research report stating that MICROPORT (00853) recorded total revenue of $1.105 billion in 2025. Excluding foreign exchange factors, revenue increased by 6% year-on-year, meeting the firm's expectations. The report also noted that the group's GloMatrix global commercialization platform has achieved breakeven and has become a core growth engine for the company, driving revenue to increase by 78.8% year-on-year to $16.39 million in the 2025 fiscal year, excluding foreign exchange impacts. Due to improvements in the asset-liability structure, the firm has lowered its forecast for MICROPORT's financing costs. It has reduced the target price from HK$17 to HK$13.9, while reiterating a "Buy" rating, citing strong growth potential from the company's overseas markets and surgical robotics business. To reflect that MicroPort Brain Science (02172) is no longer included in the consolidated financial statements, Bank of America Securities has lowered its revenue forecasts for MICROPORT for 2026 to 2028 by 10.9%, 11.7%, and 12.9%, respectively. Concurrently, considering improvements in the product mix, the firm has raised its gross margin forecasts for 2026 to 2028 by 1.9 to 2.1 percentage points. Based on increased costs due to overseas business expansion, the firm has also raised its forecast for the operating expense ratio by 11.5 to 12.6 percentage points.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1150468620?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-09 10:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150468620","market":"us","top_or_hot":-1,"title":"Bank of America Securities Lowers MICROPORT Target Price to HK$13.9, Reiterates \"Buy\" Rating","media":"Stock News","content":"<p>Bank of America Securities issued a research report stating that MICROPORT (00853) recorded total revenue of $1.105 billion in 2025. Excluding foreign exchange factors, revenue increased by 6% year-on-year, meeting the firm's expectations. The report also noted that the group's GloMatrix global commercialization platform has achieved breakeven and has become a core growth engine for the company, driving revenue to increase by 78.8% year-on-year to $16.39 million in the 2025 fiscal year, excluding foreign exchange impacts. Due to improvements in the asset-liability structure, the firm has lowered its forecast for MICROPORT's financing costs. It has reduced the target price from HK$17 to HK$13.9, while reiterating a \"Buy\" rating, citing strong growth potential from the company's overseas markets and surgical robotics business. To reflect that MicroPort Brain Science (02172) is no longer included in the consolidated financial statements, Bank of America Securities has lowered its revenue forecasts for MICROPORT for 2026 to 2028 by 10.9%, 11.7%, and 12.9%, respectively. Concurrently, considering improvements in the product mix, the firm has raised its gross margin forecasts for 2026 to 2028 by 1.9 to 2.1 percentage points. Based on increased costs due to overseas business expansion, the firm has also raised its forecast for the operating expense ratio by 11.5 to 12.6 percentage points.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Securities Lowers MICROPORT Target Price to HK$13.9, Reiterates \"Buy\" Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Securities Lowers MICROPORT Target Price to HK$13.9, Reiterates \"Buy\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-04-09 10:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of America Securities issued a research report stating that MICROPORT (00853) recorded total revenue of $1.105 billion in 2025. Excluding foreign exchange factors, revenue increased by 6% year-on-year, meeting the firm's expectations. The report also noted that the group's GloMatrix global commercialization platform has achieved breakeven and has become a core growth engine for the company, driving revenue to increase by 78.8% year-on-year to $16.39 million in the 2025 fiscal year, excluding foreign exchange impacts. Due to improvements in the asset-liability structure, the firm has lowered its forecast for MICROPORT's financing costs. It has reduced the target price from HK$17 to HK$13.9, while reiterating a \"Buy\" rating, citing strong growth potential from the company's overseas markets and surgical robotics business. To reflect that MicroPort Brain Science (02172) is no longer included in the consolidated financial statements, Bank of America Securities has lowered its revenue forecasts for MICROPORT for 2026 to 2028 by 10.9%, 11.7%, and 12.9%, respectively. Concurrently, considering improvements in the product mix, the firm has raised its gross margin forecasts for 2026 to 2028 by 1.9 to 2.1 percentage points. Based on increased costs due to overseas business expansion, the firm has also raised its forecast for the operating expense ratio by 11.5 to 12.6 percentage points.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1583","symbol_name":"高瓴概念","start_time":0,"source_url":"","article_id":"1150468620","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150468620","pubTimestamp":1775701699,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of America Securities issued a research report stating that MICROPORT (00853) recorded total revenue of $1.105 billion in 2025. Excluding foreign exchange factors, revenue increased by 6%...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"161027":"证券","BK1583":"高瓴概念","BK1589":"北水核心资产","00853":"微创医疗","BK1100":"医疗保健设备","02172":"微创脑科学","BK1585":"昨日强势股","EWH":"香港ETF-iShares MSCI"},"translate_title":"美银证券下调微创目标价至13.9港元，重申“买入”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161027":1,"EWH":1,"00853":1,"02172":1},"content_text":"Bank of America Securities issued a research report stating that MICROPORT (00853) recorded total revenue of $1.105 billion in 2025. Excluding foreign exchange factors, revenue increased by 6% year-on-year, meeting the firm's expectations. The report also noted that the group's GloMatrix global commercialization platform has achieved breakeven and has become a core growth engine for the company, driving revenue to increase by 78.8% year-on-year to $16.39 million in the 2025 fiscal year, excluding foreign exchange impacts. Due to improvements in the asset-liability structure, the firm has lowered its forecast for MICROPORT's financing costs. It has reduced the target price from HK$17 to HK$13.9, while reiterating a \"Buy\" rating, citing strong growth potential from the company's overseas markets and surgical robotics business. To reflect that MicroPort Brain Science (02172) is no longer included in the consolidated financial statements, Bank of America Securities has lowered its revenue forecasts for MICROPORT for 2026 to 2028 by 10.9%, 11.7%, and 12.9%, respectively. Concurrently, considering improvements in the product mix, the firm has raised its gross margin forecasts for 2026 to 2028 by 1.9 to 2.1 percentage points. Based on increased costs due to overseas business expansion, the firm has also raised its forecast for the operating expense ratio by 11.5 to 12.6 percentage points.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150468620","isCrawlerRequest":true}