《大行》瑞银升药明生物(02269.HK)目标价至20.3元评级“中性” 研发增长韧性强但晚期CMO需要更高确定性

阿斯达克财经
Jan 23, 2025

瑞银发表研报指,从药明生物(02269.HK) 的业务更新中注意到其前景有所改善,但仍然好坏参半。该行表示,对药明生物去年新增151个项目持正面看法,这超出市场预期及公司指引。瑞银认为,药明生物研发增长韧性强,其可能会继续保持早期研发服务及合作收入的稳健增长,但晚期合同制造(CMO)增长的可见性需要提高。另外,药明生物重申去年营收按年增加5%至10%的目标,并在今年加速增长,但幅度尚未确定。瑞银将...

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