A medical worker administers a dose of the COVID-19 vaccine to a boy at a vaccination site in Xuhui District of Shanghai on Sept. 3, 2021. Photo: Xinhua
A medical worker administers a dose of the COVID-19 vaccine to a boy at a vaccination site in Xuhui District of Shanghai on Sept. 3, 2021. Photo: Xinhua

China’s vaccine makers get stock market jolt as rivalry, price cuts undermine earnings outlook

  • Competition among vaccine makers and state-driven price cuts are prodding analysts to trim their earnings forecasts
  • Stocks have languished since a bright 55 per cent rally during the first phase of national vaccination programme early last year

A medical worker administers a dose of the COVID-19 vaccine to a boy at a vaccination site in Xuhui District of Shanghai on Sept. 3, 2021. Photo: Xinhua
A medical worker administers a dose of the COVID-19 vaccine to a boy at a vaccination site in Xuhui District of Shanghai on Sept. 3, 2021. Photo: Xinhua
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