Sinopharm may revive a $4 bln buyout of its traditional medicine arm. Valuations for rivals on the mainland have risen. A growing disconnect between the markets allows for a bigger premium and a lucrative relisting, says mak_robyn
for the sector, new rules aimed at standardising herbal granules – a big part of the company’s business - combined with intense competition and price-cuts have taken a toll: the company's first-half earnings slumped 58% from a year earlier, to 422 million yuan .
, the maker of that treatment, for example, has seen its shares in Shenzhen more than double since 2021; its enterprise now trades at over 30 times forecast 2023 EBITDA, per Refinitiv.
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