《大行》建银国际升药明生物(02269.HK)目标价至21.5元 产品和客户集中风险降低

阿斯达克财经
Jan 08, 2025

建银国际发表研究报告指,药明生物(02269.HK) 作价5亿美元向默沙东(MSD)出售爱尔兰疫苗设施。由于高昂的海外劳工成本及严格的制造要求,该厂房的投资报酬率一直偏低。该行估计,撤资将令药明康德的长远毛利率提升约100个基点。建银国际认为,药明康德出售爱尔兰疫苗设施的决定是利好因素,因为可以降低产品和客户集中风险,同时不会造成重大的财务损失。不过,药明康德与MSD签订的疫苗生产合约将因出售事项...

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