Biosensors: Nomura reaffirms Buy with $1.50 TP. Note that peer MicroPort 4Q10 earnings reaffirms robust vol growth dynamics. Note that 2011 market guidance in-line with MicroPort's management forecasting 15-17%, with MicroPort believing that any new local entrants will not impact the market dynamics…..
House expect robust market dynamics for incumbents, backed by positive guidance provided by both MicroPort during their 4Q10 conference calls. Reaffirms positive view on the robust DES market dynamics in China for the local incumbents and reaffirm buy on BioSensors.
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