HSBC Research Cuts ALI HEALTH TP to HKD4.5, Maintains Hold on Ongoing Investment Phase

AASTOCKS News
2026.05.18 08:53
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HSBC Research has cut ALI HEALTH's target price from HKD5.5 to HKD4.5 while maintaining a Hold rating. The report highlights a shift towards pharmaceuticals and increased investments, leading to a 19% and 22% reduction in adjusted net profit forecasts for fiscal years 2027 and 2028. The company is expected to start paying dividends in fiscal year 2026, with a yield of about 5%. Revenue forecasts for 2027 to 2029 are RMB38.81 billion, RMB43.29 billion, and RMB48.16 billion.