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《大行報告》高盛上調康哲藥業(00867.HK)目標價至16.86元 評級「中性」
阿思達克 09-04 10:45
高盛發表報告指,康哲藥業(00867.HK)上半年銷售額46億元人民幣,按年升3.6%,略低於該行預期,在第七期帶量採購下,抗抑鬱藥黛力新(Deanxit)的溫和增長已在預期之中,而第八期帶量採購較預期爲早實施,因此治療膽固醇結石的優思弗(Ursofalk)在6月份銷售渠道去庫存,均影響銷售額。 期內盈利19.2億元人民幣,按年升6.8%,略好過預期,主要因爲聯營公司盈利增加及錄得政府補貼等一次性收益,EBIT利潤率維持41%。 報告指,內地醫藥反貪腐可能造成短期壓力,但管理層維持指引,預期全年銷售額有正面增長,在帶量採購的影響淡化、以及進入新產品週期後,明年下半年或2025年回覆雙位數字增長。 該行維持公司「中性」評級,目標價由16.1元上調至16.86元。
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