Shanghai Pharmaceuticals Holding Co Ltd Class A

601607: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥49.16	Mypxtt	Bjfxzsdq

Shanghai Pharmaceuticals Full Year in Line, Fair Value Estimate Unchanged

Jay Lee

Mar 31, 2021

Narrow-moat Shanghai Pharmaceuticals, or SPH, announced full-year results that were in line with our expectations. Our fair values are unchanged at HKD 20.30 per H-share and 17.00 per A-share. The market is pricing them at a 24% discount for H-shares and 16% premium for A-shares.

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