HSBC: Lowering the target price of China High Speed Transmission (01066.HK) to HK$4.5, rating "in line with the market"

According to Zhitong Finance APP, Morgan Stanley released a research report stating that it has lowered its revenue forecast for MicroPort Scientific Corporation (01066.HK) for the years 2026 to 2028 by 1% to 2% to reflect the continued headwinds faced by its routine consumables business due to volume-based procurement (VBP) and competition, as well as the recent policy impacts on its orthopedic business. It is expected that overall revenue will only see low single-digit growth. Morgan Stanley has revised downward its earnings per share forecast for MicroPort Scientific Corporation for 2026 to 2028 by 11.8%, 12.6%, and 13.5% respectively. The target price has been lowered from 5.2 Hong Kong dollars to 4.5 Hong Kong dollars, with a "equal weight" rating maintained.