大行評級|傑富瑞:從市賬率角度看藥明生物目前正處於拐點 評級“買入”
傑富瑞發表報吿指,從市賬率角度看藥明生物目前正處於拐點,相信其風險和回報曲線趨於上行多於下行。該行予其“買入”評級,目標價53港元。
傑富瑞指出,投資者正在就藥明生物面對的地緣政治問題達成共識,隨着美國生物法案的進展,尤其是現有合同的處理方式將更加明朗。傑富瑞解釋指,目前投資者假設包括法案將以某種形式獲得通過;法案應該不會像看起來般嚴厲,並估計藥明生物以至中國同行的新項目將在未來3至5年內來自歐盟、中國、世界其它地區,而不是美國。
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