MICROPORT Shares Rise Over 4% in Early Trading as BofA Securities Reiterates "Buy" Rating

Deep News11-28

MICROPORT (00853) saw its shares surge more than 4% during the session. At the time of writing, the stock was up 3.79%, trading at HK$11.22 with a turnover of HK$91.34 million.

According to a filing disclosed by the Hong Kong Stock Exchange on November 27, JPMorgan increased its stake in MICROPORT by 89.06 million ordinary shares on November 24, valued at approximately HK$930 million. Post the acquisition, JPMorgan's latest shareholding stands at 276 million shares, raising its long position from 9.79% to 14.44%.

BofA Securities recently issued a research report reiterating its "Buy" rating on MICROPORT, citing attractive risk-reward dynamics. The company boasts a diversified portfolio of high-value medical consumables, with its surgical robotics business expected to become a key growth driver. The report forecasts that surgical robotics will contribute 19% of total revenue by 2034. Additionally, BofA Securities noted that MICROPORT's shareholder, Shanghai Industrial Group, may provide financial and operational support while addressing corporate governance. The company is also alleviating liquidity concerns and is projected to achieve profitability starting from the first half of 2026 through cost controls and divestment of non-core assets.

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