小摩:升康方生物(09926.HK)目标价至166港元 评级“增持”

智通财经
Aug 28, 2025
【小摩:升康方生物(09926.HK)目标价至166港元 评级“增持”】智通财经APP获悉,小摩发布研报称,康方生物(09926.HK)上半年业绩表现低于预期,主要是利润率下降和营运支出高于预期,该行相信,最值得留意是集团宣布HARMONi-A在最终分析达到总生存期(overall survival)的统计显著性,这突显ivonescimab的差异化优势及其成为下一代关键免疫疗法之一的潜力。该行指,在12种药物的第三期或注册临床试验正进行中,未来几年其可持续发展将面临许多潜在驱动因素。该行将其目标价由99港元上调至166港元,其评级为“增持”。

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