not vested
[b]CONSUN PHARMA (01681.HK) initiated Overweight with target $7 - MS[/b]
2014/05/07
Morgan Stanley considered that CONSUN PHARMA (01681.HK) 0.000 (0.000%) should get a higher valuation as the group is taking a leading role in the kidney medicine market which features rapid growth.
With the diversity of products, the company has relatively smaller pricing pressure; apart from the strong sales team, the management plans to keep expanding the sales channel.
Besides, such business has higher growth compared to the industry. Given the above factors, the research house initiated an Overweight rating for the stock, with target price set at $7.
Source: AAStocks Financial News