HK Stock Market Move | MICROPORT (00853) rose nearly 6% in the afternoon, and it is rumored that a state-owned fund is in talks to acquire a majority stake held by the major shareholder, Tus-Holdings.

MICROPORT (00853) rose nearly 6% in the afternoon, rising 6.25% to 7.48 Hong Kong dollars at the time of writing, with a turnover of 43.447 million Hong Kong dollars. According to media reports, a state-owned background Shanghai fund is in preliminary discussions to acquire a 20.9% stake in MICROPORT from Daiichi. As of June 30, 2024, Daiichi Holdings is still the largest shareholder of MICROPORT, and as early as October 2024, there were market rumors that Daiichi Holdings was considering selling its stake in MICROPORT. Bank of America Securities previously released a research report stating that by strictly implementing cost control measures, MICROPORT achieved a net loss target of less than 275 million US dollars in 2024. Based on the 2024 financial report, including the impact of new product launches and volume-based purchasing policies, revenue forecasts for 2025 to 2027 have been lowered by 7% to 8%, gross margin forecasts have been lowered by 2 to 3 percentage points, and the long-term forecast for average annual compound revenue growth from 2025 to 2032 has been raised to 14.4%. The bank pointed out that MICROPORT has strong growth potential in overseas markets and envisions rapid expansion of business globalization.