M Stanley Cuts WEIGAO GROUP TP to HKD5.2, Lowers EPS Forecasts
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M Stanley has revised its revenue forecasts for WEIGAO GROUP, increasing them by 4% annually for 2026 to 2028, while lowering EPS forecasts by 14.7%, 13.8%, and 14.2% respectively. The target price has been cut from HKD6 to HKD5.2, maintaining an Equalweight rating. The adjustments reflect ongoing pricing pressures and the impact of volume-based procurement. WEIGAO GROUP has a diversified presence in medical technology in China but faces challenges from price cuts and below-average sales volume.
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