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野村:重申中国生物制药(01177)“买入”评级 目标价降至6.16港元

Nomura: Reiterates China Biopharmaceutical's (01177) “Buy” Rating Target Price Reduction to HK$6.16

Zhitong Finance ·  Mar 15 04:00

Nomura lowered Chusei Pharmaceutical's sales forecast for fiscal year 2023 and 2024 by 5.6% and 7.3%, respectively.

The Zhitong Finance App learned that Nomura released a research report saying that it is expected that China Biopharmaceutical (01177)'s profit in the second half of last year will achieve high growth on a low year-on-year basis, and the Group also expects more business development transactions, sale of non-core subsidiaries and new drug listings in the 2024 fiscal year. In addition, Zhongsheng Pharmaceutical's sales forecasts for the 2023 and 2024 fiscal years were lowered by 5.6% and 7.3%, respectively, while profit estimates were lowered by 12.2%, respectively. However, the bank reiterated its “buy” rating and the target price was reduced from HK$6.63 to HK$6.16.

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