Zaiding Pharmaceutical (09688) rose more than 5%. As of press release, it was up 5.01% to HK$20.35, with a turnover of HK$51.4273 million.
The Zhitong Finance App learned that Zaiding Pharmaceutical (09688) rose by more than 5%. As of press release, it had risen 5.01% to HK$20.35, with a turnover of HK$51.4273 million.
According to the news, CITIC Securities pointed out that Zaiding Pharmaceutical has now built up a promising product pipeline, commercialization is progressing smoothly, and operating income is growing rapidly, and it is expected to reverse losses. Many products in the company's pipeline have the potential to become “blockbuster” drugs. The peak sales of single products is expected to exceed 5 billion yuan, and they are all in the early stages of commercialization. There is strong certainty that performance will grow rapidly in the next 2-3 years. The company has gradually established self-research capabilities, and is developing a wealth of products in the early stages, continuously empowering long-term development.
GF Securities recently released a research report saying that the company's core products have been approved and listed one after another, which is expected to help product sales expand rapidly. The global equity pipeline shows therapeutic potential in the clinical phase to drive the company's development into a new stage. The bank is optimistic that the company's commercialization and innovative research and development will continue to improve. The company is expected to achieve revenue of US$387, 5.61 and US$856 million in 24-26, respectively. Using the risk-adjusted DCF method, the company obtained a reasonable value of HK$33.70 per share, which was covered for the first time, giving it a “buy” rating.