CMB International has released a research report maintaining SINO BIOPHARM's (01177) target price at HK$9.4 and "Buy" rating based on a DCF model. The firm projects the group's revenue growth rates for 2025-2027 at 19.1%, 4.4%, and 10.6% respectively.
The firm also forecasts adjusted net profit growth of 81.3% for 2025 and 11.3% for 2027, while expecting a 30% decline in 2026. The projections do not yet account for potential contributions from out-licensing deals to revenue and profits.
SINO BIOPHARM recently announced Phase II clinical results for its PDE3/4 inhibitor TQC3721. The clinical data demonstrated that TQC3721 can rapidly improve patients' lung function and symptoms. The firm believes TQC3721 has the potential to become a blockbuster drug with significant out-licensing opportunities.