Microport 0853

Microport 0853

Postby winston » Fri Sep 24, 2010 12:09 pm

Not vested

DJ MARKET TALK: Microport +27.5%;HK$7.24-HK$8.69 1-Yr Target -SWS

1052 [Dow Jones] NEW LISTING: Microport (0853.HK) +27.5% at HK$7.78, now valued at 33X FY10 P/E based on annualized estimated 1H10 earnings; valuations may look lofty even if taken into account company being China's leading maker of minimally invasive interventional products for treatment of vascular diseases, disorders.

SWS Research forecasts FY10/11/12 EPS at HK$0.252/HK$0.254/HK$0.290; says based on valuations of listed peers, considering high growth potential of China's stent market, 25X-30X P/E "is reasonable," hence 1-year target of HK$7.24-HK$8.69.

Source: Dow Jones Newswire
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Re: Microport 0853

Postby winston » Fri Dec 17, 2010 8:59 am

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A healthy option
Friday, December 17, 2010

The mainland's health-care reforms will last for years, so this is a good time to look at Microport Scientific Corporation (0853), a maker of medical devices.

Microport focuses on products to treat vascular diseases and disorders. It is a market leader for implanted stents and the firm's products are used in more than 1,100 hospitals in China.

Interim profit rose 39 percent to 150 million yuan (HK$175 million). JPMorgan Chase targets it at HK$11, or 30 times next year's expected price-earnings ratio.

Credit Suisse forecasts Microport's compound annual growth rate will reach 24 percent in the next few years as it expands into treating diabetes.

Citigroup targets HK$8.90 as demand for coronary stent implants is tipped to rise by 30 percent each year until 2015. Microport's share price once rose to HK$9.20.

It closed at HK$7.05 yesterday and is a worthy pick.


http://www.thestandard.com.hk/news_deta ... 01217&fc=8
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