Bank of America Securities Raises TIGERMED Target Price to HK$56, Reiterates "Buy" Rating
Stock News
Sep 01
Bank of America Securities issued a research report stating that TIGERMED's second quarter total revenue increased 7.8% quarter-over-quarter to RMB 1.686 billion, with total gross profit rising 8.2% quarter-over-quarter to RMB 508 million. The gross margin improved by 0.1 percentage point quarter-over-quarter to 30.1%, while the company recorded a net loss of RMB 129 million. The firm has lowered its revenue forecasts for TIGERMED for 2025-2027 by 10% respectively, while raising the target price from HK$40.6 to HK$56 and reaffirming its "Buy" rating.
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