大行评级|里昂:上调石药集团目标价至17.4港元 重申“高度确信跑赢大市”评级

格隆汇
Yesterday

里昂发表报告指,石药集团与生物制药公司Madrigal完成另一项交易,涉及GLP-1小分子药物SYH2086,预付金额为1.2亿美元,里程碑金额高达19.55亿美元,另加按百分比计算的销售权利金。报告指,由于石药有10个已上市的创新品牌及30多个将于2028年前推出的创新产品,预期其核心盈利增长将于2026年起重新加速。 该行上调石药2025至27年收入预测分别1.6%、14.3%及3%,纯利预测分别上调11.8%、73.3%及11.6%,以反映对已完成及潜在授权项目的假设;目标价由13.8港元上调至17.4港元,重申“高度确信跑赢大市”评级。

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