智通财经APP获悉，大和发布研报称，基于下调国内药物销售预期，将和黄医药(00013)2025至27年收入预测下调16至29%。现预期2025、26及27年药物总销售额分别同比增长6%、21%及28%，而原先估计为34%、36%及33%;最新料净利润分别为4.33亿、3000万及4000万美元;维持“买入”评级，目标价由33港元降至30港元。
该行认为，和黄医药上半年产品销售额同比下降4%至2.34亿美元，主要因内地市场受竞争风险、团队重组及行业反腐影响。另外，Sovleplenib进度延迟，公司目标于明年上半年重新提交申请。海外策略方面，集团将推进新一代Syk抑制剂研发，预计明年次季提交新药研究(IND)申请。
正面而言，ATTC平台取得突破，首个候选药物HMPL-A251的IND申请将于9月初提交，其临床前数据将于EORTC会议公布;另外两款ATTC药物预计于明年启动一期临床试验。此外，集团今年上半年净利润达4.55亿美元，对比去年同期为2600万美元，主要因出售非核心合资企业部分股权，获得4.16亿美元收益。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.