M Stanley Cuts Shanghai Pharmaceuticals Holding TP to HKD15.8, Rating Overweight

AASTOCKS News
2026.04.24 03:18
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Morgan Stanley has updated its risk-reward assessment on Shanghai Pharmaceuticals Holding, lowering its target price from HKD16 to HKD15.8 while maintaining an Overweight rating. The broker revised its earnings forecasts for 2026 to 2030 down by 2% to 3% due to a conservative revenue outlook. EPS is projected to reach RMB1.46 in 2026, RMB1.61 in 2027, and RMB1.72 in 2028.