share_log

花旗:予信达生物(01801)“买入”评级 目标价55港元

Citi: Buy rating on Innovent Bio (01801) with a target price of 55 Hong Kong dollars.

Zhitong Finance ·  Nov 5 09:45  · Ratings

Citigroup believes that Innovent Bio's strong sales performance and overseas clinical progress will sustainably restore investor confidence.

According to the Wisdom Finance APP, Citigroup released a research report stating that Innovent Bio (01801) announced the termination of the Fortvita subscription trade. The company's management mentioned in an investor conference this morning (4th) that the original intention of this trade was to accelerate the development of the company's overseas business Fortvita. After the trade termination, there are currently no further financing plans for Fortvita. Since the announcement of the trade, the group's stock price has dropped by over 20%. Looking ahead, the bank believes that the group's strong sales performance and overseas clinical progress will sustainably restore investor confidence. Rated 'buy', with a target price of HK$55.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment