
Bank of America Securities slightly raises the target price for MICROPORT to 17 yuan, reiterating a "Buy" rating
Bank of America Securities research report states that it reaffirms its "Buy" rating on MICROPORT (00853.HK) due to its attractive risk-reward profile. The company has a diversified portfolio of high-value consumable products, among which the surgical robot business is expected to become a key growth driver in the future. The firm anticipates that surgical robots will contribute 19% of total revenue by 2034.
Additionally, the firm believes that MICROPORT's shareholder, Shanghai Industrial Group, may provide financial and business support and will work on the company's governance structure. The company is also addressing liquidity concerns and is expected to achieve profitability starting from the first half of 2026 through cost control and the disposal of non-core assets. The firm has raised its total revenue forecast for 2026 to 2034 by 0.1% to 1.5%, with the target price increased from HKD 16.8 to HKD 17

