翰森制药早盘涨逾5% 招商证券维持“增持”评级

新浪港股
31 Mar
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  翰森制药(03692)盘中涨超5%,截至发稿,股价上涨4.87%,现报24.75港元,成交额3.66亿港元。

  翰森制药今日发布年度业绩,24年收入和净利润分别增长21.3%/33.4%至123亿/43.7亿元;全年派息率42%。创新药收入95亿元,其中产品收入约80亿元,同比增长28.5%,对总收入贡献约65%。阿美乐在一线NSCLC纳入医保后快速放量,全年销售额同比增长29%。

  招商证券发布研报称,翰森制药(03692)去年下半年业绩超预期,受益于创新药业务和BD合作双轮驱动,肿瘤与抗感染板块成主要增长引擎。营运效率持续改善,研发支出保持高位。全年分红率42%,该行看好阿美乐在内的核心产品的强劲增长以及自有管线的研发前景,同时翰森制药也正在通过高效的BD合作其管线输送新鲜血液。维持目标价26.5港元。企业盈利能力的良好可预见性和管线研发的不断兑现将是未来重要的估值重估催化剂,维持“增持”评级。

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