Kuries wrote a post · Oct 26, 2022 12:43

China Merchants Securities: Ali Health Rating "Increase" Target Price of HK $9.8

$China Merchants(600999.SH)$ maintained the "overweight" rating of $ALI HEALTH(00241.HK)$ , with a target price of HK $9.8, and said that it was optimistic about the synergy between the company and Alibaba, as well as the company's leading position in the Internet medical industry.

On October 25, Alibaba Health's profit forecast showed that the company expected to record a profit of no less than 80 million yuan in the six months ended September 30, 2022. This was mainly due to the continuous growth of the number of users of proprietary medicine business, the improvement of pricing ability and the optimization of operating efficiency, as well as the economic growth of the platform to promote efficiency and cost dilution.

$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $Hang Seng TECH Index(800700.HK)$ $China Concept Stocks(BK2517.US)$

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