0013 GMT - UltraGreen.ai gains a bull in UOB Kay Hian, which expects the indocyanine green supplier to continue seeing strong earnings growth and attractive margins. UltraGreen has delivered robust growth momentum, with operating cash flow surging 113% in 2024 and 33% on year in 1H 2025, say UOB KH analysts in a note. Looking ahead, the analysts forecast three-year CAGR of 21% for revenue and 22% CAGR in earnings over 2024-27, supported by higher procedure volumes, expanding Asia-Pacific penetration and continued premium pricing. Growing clinical evidence, wider availability of near-infrared imaging systems and increasing surgeon training are expected to accelerate the use of indocyanine green, they note. UOB KH initiates coverage on the stock at buy with a target price of US$2.00. (monica.gupta@wsj.com)
(END) Dow Jones Newswires
December 04, 2025 19:13 ET (00:13 GMT)
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