M Stanley Cuts ALI HEALTH TP to HKD4.2, Rating Underweight

AASTOCKS News
2026.05.05 03:13
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M Stanley has downgraded ALI HEALTH's target price from HKD4.6 to HKD4.2 and maintained an Underweight rating. The firm expects revenue growth of 12%, 10%, and 9% for FY2026 to FY2028, but has reduced EPS forecasts by 13.8%, 14.7%, and 11.9% due to increased R&D expenses and lower gross margins. Adjusted net profit is projected to grow by 19%, 18%, and 18% during the same period. M Stanley believes ALI HEALTH's valuation is not favorable compared to peers given its moderate growth outlook.