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Citigroup rates Microport as a "buy" and lowers the target price to HKD 21.
Citigroup's research report states that based on Microport's (00853) management's latest guidance and recent sales trends, the bank has adjusted its earnings per share forecast. It is expected that earnings per share will increase by 59.4% in 2024 and by 43% in 2025 to reflect the company's strict cost control trend. The target price has been lowered from HKD 25 to HKD 21 to reflect the lower valuation of the heart valve business, with a buy rating.
MicroPort Scientific Redeems $700 Million Convertible Bonds Ahead of 2026 Maturity
MicroPort Scientific (HKG:0853) has fully redeemed and canceled its $700 million zero-coupon convertible bonds ahead of their maturity in 2026, according to a Wednesday filing with the Hong Kong Excha
HK stocks rose | Microport (00853) rose more than 5%, and the company completed the redemption of $700 million convertible bonds.
Microport (00853) rose more than 5%, as of press time, up 4.97%, at HKD 6.13, with a turnover of HKD 29.4151 million.
Shanghai MicroPort Endovascular MedTech Co., Ltd.'s (SHSE:688016) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at Shanghai MicroPort Endovascular MedTech's (SHSE:688016) recent performance, when its stock has declined 12% over the past month. However, stock prices are
Microport (00853) has redeemed and cancelled all of its 2026 convertible bonds with a total principal amount of USD 700 million.
Microport (00853) announced that as of the date of this announcement, all of its exchangeable bonds due in 2026 (with a total principal amount of 700 million...) were
Microport (00853.HK) received a shareholding of 2.043 million shares from JPMorgan.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on June 5, 2024, Microport (00853.HK) received JPMorgan Chase & Co.'s shareholding of 2.043 million shares at an average price of HKD 6.3844 per share, with a total investment of approximately HKD 13.0433 million. After the shareholding, JPMorgan Chase & Co.'s latest holding position increased from 12.96% to 13.08% with a total of 239,995,487 shares.
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