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Jefferies Cuts ALI HEALTH (00241.HK) TP to HKD5.3, Reiterates Buy
2026-05-21 14:54:29
ALI HEALTH (00241.HK) launched the "Hydrion" app, positioning it as an early AI pioneer targeting doctors, in collaboration with The BMJ to provide evidence-based clinical decision support, Jefferies said in its report. Initial product testing shows strong usability, a low hallucination rate and robust clinical reasoning.

Management expects to invest RMB200-300 million annually in AI R&D during FY2027-29, targeting 2 million MAUs within three years and aiming for "Hydrion" to achieve breakeven in 2029.

As a leading B2C participant, ALI HEALTH's internet hospital workflow has been officially authorized and is largely unaffected by recent news regarding tightened GLP-1 prescription restrictions in Jiangxi and Shanghai.

The broker lowered its TP on ALI HEALTH from HKD6 to HKD5.3 to reflect uncertainties such as commercialization pace, but maintained its Buy rating.
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