Haitong International: Initiates coverage on SCIENTECH with an "Outperform" rating and a target price of HKD 28.94
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Haitong International initiates coverage on SCIENTECH with an "Outperform" rating and a target price of HKD 28.94. It is expected that the CAGR of the cardiac valve intervention market from 2021 to 2025 will reach 69.8%. The company's revenue for the first half of 2025 is projected to be RMB 330 million, a year-on-year increase of 32.4%; net profit attributable to the parent company is expected to be RMB 182 million, a year-on-year increase of 29.8%. SCIENTECH is a leader in the field of congenital heart disease intervention devices, and its biodegradable products reduce complications, providing significant clinical advantages
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