【券商聚焦】汇丰研究维持康哲药业(00867)买入评级 指其上半年业绩胜预期 创新药销售增长前景乐观

金吾财讯
Aug 28, 2025

金吾财讯 | 汇丰研究发表报告指,随着带量采购的影响减低,康哲药业(00867)上半年业绩表现理想,收入及盈利分别增加11%和3%,胜于该机构预期。该机构上调康哲药业2025至27年的盈测1%至3%,又提到公司股价于年内升幅远远跑赢恒指,可能是由于其创新药销售增长前景乐观,但目前股价以2026年预测市盈率15倍交易,料2025至27的纯利年复合年均增长率超过20%,因此该股仍具吸引力。该机构预计,公司推出的创新药和销量提升将带来其更大上升空间,将目标价由16.1港元调升至16.8港元,维持买入评级,预期公司2025至27年的收入达83亿、100亿和127亿元人民币,利润分别达17亿、20亿和25亿元人民币。

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