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<Research> G Sachs Lowers TP for WEIGAO GROUP (01066.HK) to HKD6, Maintains 'Buy' Rating
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G Sachs published a report stating that WEIGAO GROUP (01066.HK) underperformed expectations in the second half of 2025, with net profit decreasing by 37% YoY to RMB604 million, below the market forecast of RMB836 million. The net profit margin was 9%, compared to the market forecast of 12.5%. The primary reason was the continued impact of the VBP policy, leading to a greater-than-expected compression in profit margins. Revenue increased by 4.5% YoY to RMB6.75 billion, roughly in line with market expectations and 0.8% higher than G Sachs' forecast, but profitability significantly deteriorated. G Sachs lowered its EPS forecasts for WEIGAO GROUP for 2026 to 2028 by 15.1%, -13.5%, and -13.2%, respectively, to reflect the ongoing impact of VBP and the 2026 guidance. The target price was reduced from HKD6.9 to HKD6, maintaining a 'Buy' rating. (ha/w) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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