China Traditional Chinese Medicine (570.HK) - Short-Term Performance Pressure Is Hard to Avoid
367 Views19 Jul 2022 08:54
For poor performance of concentrated TCM granule, China TCM's net profit decreased 50%-60% in 2022H1.Future VBP will further drag down profitability, which will struggle to support valuation expansion
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Xinyao (Criss) Wang
HK/China Healthcare Analyst (ex-Fosun Pharma)
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