Innovent Biologics Inc
01801: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Rv? | LOCK|JF>FN | LOCK|F>^qhLR |
Innovent: Initiating Coverage With HKD 108 Valuation, Given First-Mover Advantage for GLP-1 in China
We initiate coverage of Innovent Biologics with a narrow moat rating, Very High Uncertainty Rating, and an HKD 108 fair value estimate, which reflects a 20% upside based on the Feb. 11 closing price.
