02:45
Nomura predicts that Kangfang Bio will turn from loss to profit in the second half of the year and raises the target price to HKD 120.64.
Nomura predicts that the mid-term revenue of Kangfang Biotech will increase by 42% to 1.45 billion RMB, which is 3% lower than market expectations. The company's revenue in the second half of the year is expected to be driven by the sales of Ketanserin and Idarubicin, with the full-year net profit forecast raised by 97.2%. The target price is adjusted to HKD 120.64, maintaining a neutral rating.

