G Sachs Raises SH PHARMA TP to HKD10.63, Maintains Sell Rating

AASTOCKS News
2026.05.05 02:38
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G Sachs has raised the target price for SH PHARMAfrom HKD10.3 to HKD10.63 while maintaining a Sell rating. The company reported a 6.4% YoY revenue increase to RMB75.3 billion and a net profit rise of 6.4% YoY to RMB1.4 billion, aligning with market expectations. The broker has adjusted net profit forecasts for 2026-2028 upwards by 5%, 3%, and 3.6%, respectively. However, profit margins may face pressure due to the normalization of volume-based procurement for generic drugs and medical devices.