Sino Biopharm 1177

Re: Sino Biopharm 1177

Postby winston » Tue Feb 23, 2021 1:08 pm

vested

BofAS Lifts SINO BIOPHARM TP to $14.73, Yet to Reflect Sinovac’s Vaccine Contribution

BofA Securities restated SINO BIOPHARM (01177.HK) at Buy, raising its target from $9.79 to $14.73.

Valuation of China's big healthcare firms hit record-highs, rendering investors more prudent on drugmakers.

SINO BIOPHARM is the broker's high conviction pick compared with other leaders, given understated profit contribution from Sinovac and underestimated vaccine assets.

SINO BIOPHARM's valuation has yet to factor in profit contribution from Sinovac.

Source: AAStocks Financial News
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