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瑞銀:上調石藥集團(1093.HK)目標價至21港元 評級“買入”
格隆匯 07-16 12:29

瑞銀將石藥集團(1093.HK)目標價由17.3港元上調至21港元,評級由“中性”升至“買入”。

瑞銀髮表研究報告表示,非常看好石藥2020至2023年的高盈利未來前景,因為旗下藥物“恩必普”及抗腫瘤藥的強勁銷售將為石藥未來業績增長提供強有力支撐。

瑞銀預期,基於該公司今年第二季的強勁業績、並在下半年推出抗黴菌劑“兩性黴素B”的原因,預期醫藥市場會在未來數月對石藥集團股價作出良好反應,同時公司2020至2022年的盈利年複合增長率將達到約20%;另外由於中國製藥公司自今年伊始股價下行等原因,該公司估值目前低於過去平均水平及其同業,這意味着市場仍未將公司第二季的強勁表現及即將在下半年推出抗黴菌劑“兩性黴素B”的有利因素反映在股價中。

目前瑞銀預期石藥第二季度的收入將同比增長18%,較第一季度的12%增速有所加快。根據該公司所述,公司的藥物銷售情況在第二季度基本恢復正常,尤其是“恩必普”及抗腫瘤藥。同時在藥品集團採購4月份降價後,“白蛋白紫杉醇”的藥物銷量顯着增加,相信公司的銷售業績會在下半年繼續保持增長。

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