Morgan Stanley said after consolidating DongYao Pharma’s Q2 2026 results it cut 2026–30 earnings forecasts for 02268.HK by about 0–7%, citing lower gross margins, incremental finance costs and FX losses from USD/RMB depreciation. It lowered its target price to HK$80 from HK$83 and kept an Overweight rating.

2026-07-06

Morgan Stanley said after consolidating DongYao Pharma’s Q2 2026 results it cut 2026–30 earnings forecasts for 02268.HK by about 0–7%, citing lower gross margins, incremental finance costs and FX losses from USD/RMB depreciation. It lowered its target price to HK$80 from HK$83 and kept an Overweight rating.