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大行評級|花旗:財報季前CXO板塊將吸引更多關注 行業首選藥明康德和藥明生物

花旗發表研究報告指,自2025年4月以來,中國醫療保健板塊特別是創新藥物領域的市場興趣強勁回升,認爲在夏季財報季前,醫藥外包(CXO)板塊將吸引更多關注,有關領軍企業將受益於基本面的改善、具吸引力的估值以及訂單積壓的持續增長。

花旗將泰格醫藥A股評級從“沽售”上調至“買入”,並認爲大多數領軍企業的交易價格處於低位,而首選公司是藥明康德和藥明生物。花旗預計,藥明系今年上半年將有多項超預期的表現,包括藥明康德2025財年指引。藥明生物2025年上半年收入亦可能超出預期,公司正按計劃實現2025年指引。對於藥明合聯而言,更快的未交付訂單增長或使其上半年收入超出指引。

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