Movement Alert|BeiGene Rises 3.48% in Regular Trading, Q1 Earnings Beat Expectations as Multiple Banks Raise Outlook

Market Focus
05/21

On May 21, BeiGene rose 3.48% in regular trading, trading at HK$185.5 per share, with trading volume of approximately HK$220 million.

On the news front, the rally is driven by a combination of strong Q1 results and positive analyst sentiment. BeiGene reported Q1 global revenue of US$1.513 billion, up 35.5% year-over-year and exceeding the FactSet consensus estimate of US$1.44 billion. GAAP net profit reached US$227 million, with free cash flow of US$161 million. Management raised full-year revenue guidance by US$100 million to US$6.3-6.5 billion.

Additionally, the company's next-generation BCL2 inhibitor Sonrotoclax received FDA accelerated approval on May 13, becoming the first and only BCL2 inhibitor approved in the U.S. for relapsed or refractory mantle cell lymphoma. Citi maintained a Buy rating and raised its U.S. ADR target price from US$430 to US$453, while CICC maintained an Outperform rating with an H-share target of HK$250.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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