中金维持石药(1093.HK)“跑赢行业”评级目标价18.2港元
中金发表研究报告称,石药集团(1093.HK)公布上半年业绩,收入112亿元人民币,同比增长27.6%,收入和净利润分别同比增长29.6%和21.0%,符合该行预期,故维持其跑赢行业评级和目标价18.2港元,较当前股价有40%的上涨空间。

该行指出,石药核心品种恩必普和肿瘤药产品继续维持强劲增长,上半年恩必普收入同比增长35.9%,主要由于公司加大销售团队的扩张。普药仍在暂时性调整中,VC销量增长弥补了价格下降,预计普药板块有望在2020年恢复双位数增长。抗生素板块由于市场需求低迷和工厂搬迁,上半年收入同比下降15%。另外,公司研发费用快速增长,研发管线进展顺利。
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