建银国际:升药明生物目标价至30港元 评级“跑赢大市”

新浪港股
27 Mar
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  建银国际发布研报称,药明生物(02269)料今年资本开支会由55亿元人民币升至60亿元人民币,主要用于在中国内地及新加坡的设施,并料今年销售增长会录得同比12%至15%。该行将目标价由21.9港元升至30港元,维持“跑赢大市”评级。

  公司去年下半年的销售额同比增长18.2%,达到101亿元人民币,高过该行预期。临床前项目的增长最快,同比增长54.1%,达到40亿元人民币,超出该行预期,这得益于海外生物技术公司的强劲需求,导致无锡生物新增了79个临床前项目,从2024年上半年的52个增加而来。2024年下半年的毛利率为42.6%,基本符合市场预期。

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