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Morgan upgrades MicroPort (00853) to HK$9.6
Morgan Stanley lifted its target price for
MicroPort Scientific (00853) to HK$9.6 from HK$6 to reflect the potential of the CRM and 
TAVI businesses, and upgraded its rating to "overweight" from "equal-weight".
  The research house said MicroPort is transforming from a stent leader to a diversified
and integrated manufacturer of high-end medical devices, especially cardiovascular 
devices. It obtained production approval for its locally manufactured pacemakers in
September 2017.
  It recently announced the acquisition of LivaNova's (Sorin) CRM business, which could
make it the fifth-largest CRM company globally. Its TAVI application package is likely to
be submitted to China's Food & Drug Administration (CFDA) soon, and the product is on
track to enter the Chinese market in 2H 2018.

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