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As revealed in the report of Deutsche Bank, the third quarterly revenue of SINOPHARM (01099.HK)  -0.300 (-0.998%)    Short selling $14.19M; Ratio 17.638%   increased 22.4% to RMB 52 billion. EPS increased 19.2% to RMB 0.26.
Deutsche Bank lifted the target price of Sinopharm from $23.5 to $26, which is equivalent to 20 times of projected P/E ratio. The rating of Sinopharm was maintained as Hold since the current share price has already reflected the positive impacts of SOE reform and operating leverage

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