bearish

Global Cord Blood (CO US): Overhangs Persist; Weak Q2 Results Adds to Woe

543 Views26 Nov 2021 15:30
SUMMARY
  • Global Cord Blood (CO US) shares are trading within a range and are expected to have limited upsides due to ongoing merger and policy overhangs.
  • The ongoing acquisition proposal from Haitong values the company at a steep discount to the peers and one recently concluded deal in the similar space.
  • The company reported muted Q2 results with flat q/q revenue growth and new subscriber adds. Surge in new Covid cases in China may prolong the business recovery.
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