Daimo lowered Sinopharm Holdings' profit forecast for 2023-2030 by about 2%.
The Zhitong Finance app learned that according to a research report published by Daimo, based on the third-quarter results of Sinopharm Holdings (01099) and recent monthly trends, its profit forecast for 2023 to 2030 was lowered by about 2% to reflect the decline in sales and gross margin. The target price was reduced from HK$30 to HK$29 accordingly, and the rating was “increased”.