里昂发布研报称,首次覆盖药明合联(02268),给予“跑赢大市”评级,目标价44.3港元。药明合联2023年市场份额为14.5%,预计2024至2026财年收入增长分别为85%、40%及32%,每股盈利预测复合年均增长率为34%,该行的预测较市场共识高39%至43%。
里昂指,药明合联2023年的市场份额为14.5%。据外部机构预测,该公司2022至2030年的全球抗体—药物复合物(ADC)外包市场收入复合年均增长率预计达到28%。该行认为,药明合联具备良好的市场份额增长潜力,主要考虑到其“一站式”能力,能实现高于行业平均水平的效率;稳健的历史业绩;不断扩大的全球制药市场影响力;以及日益增长的订单积压。
责任编辑:史丽君
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.