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02607 SH PHARMA
RTNominal unchange10.160 0.000 (0.000%)
Research Report

07/04/2020 17:34

{I-bank focus}Morgan ups Shanghai Pharma (02607) to HK$17.3

[ET Net News Agency, 7 April 2020] Morgan Stanley raised its target price for Shanghai
Pharmaceutical (SPH)(02607) to HK$17.3 from HK$17.1 and maintained its "equal-weight"
rating.
The research house said a business presence spanning the full healthcare value chain
should help SPH increase efficiencies and extract synergies via its integrated platform of
distribution-manufacturing-retail.
Morgan added that SPH should show stable growth from favorable macro tailwinds and M&A
opportunities that management is actively seeking. Shanghai government support for its
only healthcare SOE should help secure SPH's leading position in key coastal markets. (KL)

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