Innovent Biologics Inc

01801: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 47.60	Gdts	Vlbvvhycj

Innovent’s Full-Year Results in Line; FVE Unchanged; Remains our Top Pick

Jay Lee

Mar 31, 2022

Narrow-moat Innovent’s results were in line with our expectations. Revenue was CNY 4.3 billion, or 11% year-on-year growth. Our fair value estimate is HKD 50.00 per share, and Innovent is our top pick in Chinese healthcare companies right now.

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