Sinopharm Group Co Ltd

01099: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$76.40	Qzwbdq	Klbcyhlvq

Sinopharm's Full-Year Results in Line, Shares Remain Attractive

Jay Lee

Mar 23, 2022

Narrow-moat Sinopharm’s full-year 2021 revenue was in line with our expectations. Full-year revenue was CNY 508 million, growing at 14% year on year and just 2% higher than our forecast. Our fair value estimate is unchanged at HKD 29.50 per share, and shares are 38% undervalued relative to this.

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