CICC: Maintain MicroPort Medical (00853) 's "outperform industry" rating and lower the target price to HK $23.4

智通财经2022-09-02

Zhitong Finance APP learned that CICC released a research report stating that it maintains the "outperform industry" rating of MicroPort Medical (00853), lowers the net loss forecast attributable to the parent company in 2022/23 by US $24/55 million to US $31/290 million, and the target price drops 5% to HK $23.4, which is 42.9% upside from the current stock price. The company's 1H22 revenue was US $405 million, a year-on-year increase of 5.3%, and a year-on-year increase of 10.1% after excluding the impact of exchange rates. The loss attributable to equity shareholders expanded to US $198 million year-on-year, lower than the bank and market expectations. According to the report, Shanghai Medical Insurance Bureau will...

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