大行评级|摩根大通:上调百济神州目标价至311港元 去年第四季业绩表现向好

格隆汇
03 Mar

摩根大通发表报告指,近日与百济神州管理层交流以及参与业绩电话会议后,更确信其肿瘤学业务正处于快速上升轨道。去年第四季业绩表现向好,收入按年增长约35%,主要来自于泽布替尼销售势头强劲,以及产品管线研发进度迅速的带动。

该行目前预测,若2025年公司研发管线多个项目更新研究进展,可降低临床风险及提升价值,将动股价上升,预计市场普遍预期将向上修正。摩通认为百济神州正处于一个关键转折点,预测今年可录得美国通用会计原准则下的经营利润,除现有研发管线外,已获批产品亦可提供估值支持,给予“增持”评级,目标价从234港元上调至311港元。

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