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UOBKH ups Shineway Pharma (02877) to HK$14.09
UOB Kay Hian lifted its target price for China 
Shineway Pharmaceutical (02877) to HK$14.09 from HK$10.96, and reiterated its "buy"
rating.
  The research house expects Shineway to record strong sales in December 2017 and 1Q 2018
as 35% of its sales come from flu-related drugs, driven by the influenza outbreak.
  UOBKH expects a big earnings rebound in 2018, thanks to its new drugs that were included
into the 2017 NRDL, rapidly-growing TCM granule business and well-organised sales force.
  It raised its 2017-19 net profit forecasts by 2.2% and 6% due to stronger-than-expected
sales of Qingkailing injections since December 2017.

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