Core Viewpoint - The report from CMB International indicates an upward revision of Kingsray Biotechnology's (01548) revenue forecast for 2025-2027 by 1-5%, while lowering the net profit forecast for 2025 due to significant net losses in the first half of 2025 [1] Group 1: Financial Performance - The group's performance for the first half of 2025 met expectations, with a year-on-year revenue increase of 82% to $519 million [1] - Adjusted net profit surged by 510% to $178 million [1] Group 2: Business Segment Outlook - The company raised its full-year revenue growth guidance for the life sciences segment to 13-15%, with a corresponding growth rate of 15-18% expected in the second half of the year [1] Group 3: Valuation and Rating - The SOTP model has been rolled forward to 2026, maintaining the target valuation multiples for each business segment [1] - The target price remains at HKD 28.75, with a "Buy" rating upheld [1]
交银国际:下调金斯瑞生物(01548)2025年净利预测 维持“买入”评级