Movement Alert|SBP GROUP Rises 3.11% in Regular Trading, Management Reaffirms Double-Digit Revenue Growth Guidance with Buy Rating from Daiwa

Market Focus
Sep 21

On September 21, SBP GROUP rose 3.11% in regular trading, trading at HK$5.665/share, with turnover of approximately HK$40.70 million. The gain came amid a broadly positive Pharmaceuticals sector, with peers including CSPC PHARMA up 3.02%, LUYE PHARMA up 4.0%, and HANSOH PHARMA up 2.16%.

On the news front, Daiwa published a research note citing management's reaffirmation that full-year revenue growth will maintain double-digit year-on-year momentum, driven by both licensing income and innovative drug sales growth. Management expects innovative drug sales plus licensing revenue to contribute half of total annual revenue, with newly approved innovative drugs serving as key drivers for sustained volume growth. Generic drug business is anticipated to bottom out this year, with a potential recovery next year on a lower base. Daiwa maintained a Buy rating on the stock.

The latest catalyst builds on a string of recent positive developments, including Goldman Sachs raising its target price to HK$9.07, the completion of a RMB 4.48 billion acquisition of an additional 5% stake in subsidiary CT Tianqing — expected to boost adjusted net profit by approximately RMB 350 million — and dual NDA acceptances for TQH2722 and TQB2102 by the CDE.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10