大行评级丨里昂：上调石药集团目标价至19港元，重申“高度确信跑赢大市”评级

中金财经02-03

里昂发表研报指，预期石药集团目前已完成的业务拓展(BD)交易，将自今年起转化为经常性收入。与阿斯利康及Madrigal Pharmaceuticals达成的4项重大BD交易，预计将带来约102亿美元的近期首付款及研发里程碑付款，从而推动2025至27年盈利大幅提升至63亿、102亿及109亿元。该行将2025至27年盈利预测分别下调2.4%、上调8.2%及上调53.7%，以反映BD交易经风险调整后...

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