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JD HEALTH Plunges 5%+ as Nomura Cuts TP to HKD67, Maintains Buy
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JD HEALTH (06618.HK) opened 1.16% lower today, hitting an intraday trough of HKD45.68. It last quoted at HKD45.74, down 5.42%, with turnover of 5.9154 million shares, involving HKD275 million.

Nomura issued a research report stating that JD HEALTH's pharmaceutical sales impetus continued and operating profit remained strong.

Related News HSBC Research Slightly Cuts JD HEALTH (06618.HK) TP to HKD79.5; Supplement Demand Slowdown Seen as Temporary
However, a decline in non-operating income weighed on net profit. The broker lowered its TP from HKD80 to HKD67 and maintained a Buy rating.
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