《大行報告》瑞信降微創醫療(00853.HK)評級至「跑輸大市」 目標價下調至26元
瑞信發表報告指,於今年11月5日,內地國家醫療保障局在天津進行了首次的高價值醫療耗材集中採購,採購的耗材為冠狀動脈支架。在10個獲選產品中,冠狀動脈支架的平均價格約為700元人民幣,平均降價幅度約94%。
該行表示,微創醫療(00853.HK)的「Firebird2」及「Firekingfisher」支架入選,而中標價格非常低,估計集團明年在中國的藥物洗脫支架(DES)銷售會有85%的影響,並預料收入因此會有28%影響,而純利的影響預期會更大,因有關產品降價影響毛利率。
瑞信下調微創醫療股份評級,由「中性」降至「跑輸大市」,目標價由35.2元調低至26元,並下調集團明年及2022年盈利預測分別40%及30%,以反映集中採購影響明年盈利表現。
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