研報掘金丨浦銀國際:維持百濟神州“優於大市”評級,目標價182.35港元
浦銀國際研報指出,1Q25百濟神州(6160.HK)實現歸母淨利潤127萬美元(1Q24虧損2.5億美元),首次實現單季度經常性業務盈利(US GAAP 口徑)。管理層維持全年49-53億美元收入指引不變。該行認為百濟神州的業績整體符合預期。海外收入增長拉動公司業績扭虧。1Q25公司產品收入同比增長48.4%至11.1億美元,主要得益於澤布替尼的海外銷售增長。看好澤布替尼2Q25 環比持續增長,澤布替尼距離銷售峯值仍有較大空間。予目標價182.35元港幣,維持“優於大市”評級。
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