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[Brokerage Focus] Zhongtai International gives remegen (09995) an initial "buy" rating, expecting the shareholders' net loss to narrow year by year.
Jinwu Financial News | Zhongtai International released research reports indicating that remegen (09995) has three major technology platforms: antibody-drug conjugates (ADC), fusion proteins, and bispecific antibodies. The first domestically produced ADC, Weidixitun monoclonal antibody (Aidiqi), was launched in 2021, and the fusion protein Taitaxip (Tai'ai) is the world's first biopharmaceutical for treating systemic lupus erythematosus with two target points. These two products are star products in the domestic oncology and autoimmune fields. The company has six drugs in research in the oncology and ophthalmology fields, and its R&D pipeline is robust. The firm asserts that the sales revenue of the company's first domestically produced ADC, Weidixitun monoclonal antibody, will increase rapidly; Taitaxip will benefit from.
[Brokerage Focus] Zhongtai Securities maintains a 'shareholding' rating for Remegen (09995), indicating a significant improvement in its third-quarter profitabilty both year-on-year and quarter-on-quarter.
Kingu Financial News | Zhongtai Securities issued a research report, remegen (09995) recorded a third-quarter revenue of 0.47 billion yuan, a growth of +34.6% compared to the same period last year; total revenue for January-September 2024 was 1.21 billion yuan, a 57.10% growth year-on-year; net income in the third quarter was a loss of 0.29 billion yuan, a 32.6% decrease in losses compared to the second quarter. The bank pointed out that Tai Tesip and Videsituximab's high-quality academic research results continue to be published in international societies and journals, accumulating evidence-based medicine to promote the continued growth in sales domestically, with revenue in the first three quarters maintaining robust and rapid growth, in line with expectations. 20
RemeGen Co., Ltd. (HKG:9995) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Hong Kong stock market sectors generally fell, with trading volume increasing to 160 billion Hong Kong dollars. Institutions believe Hang Seng Index at 19,500 points is worth investing in.
Produced jointly by Zhongtai International and CaiLian News.
HK stocks unusual movement | Remegen (09995) surged more than 10%, the company's main business income greatly increased, and the third-quarter loss narrowed by more than 30% month-on-month.
Remegen (09995) rose by more than 10%. As of the time of publication, it rose by 10.8% to HK$16, with a turnover of HK$78.6233 million.
HK Stock Market News | Some pharmaceutical stocks rose in early trading, as the national medical insurance negotiations are expected to start soon. Institutions say that sector catalyst events will be intensive in the fourth quarter.
Some pharmaceutical stocks rose in the morning session, as of the time of publication, Remegen (09995) rose by 8.73%, to 15.7 Hong Kong dollars; Keji Pharmaceutical-B (02171) rose by 6.47%, to 15.7 Hong Kong dollars; Aneuro-B (01952) rose by 2.11%, to 31.5 Hong Kong dollars; Fosun Pharma (02196) rose by 3.7%, to 15.12 Hong Kong dollars.
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