大行评级丨美银：上调康龙化成目标价至38.4港元，看好CDMO业务上行周期带来增长

格隆汇08-24

美银证券发表研报指，康龙化成2026年上半年收入同比增长17.9%至76亿元，各业务均录得增长，其中实验室服务收入同比增长13.7%，CDMO收入同比增长32.8%，临床开发收入同比增长13.8%，CDMO毛利率提升2.7个百分点，但被实验室及临床服务受压所部分抵销。考虑到CDMO、实验室服务及临床开发业务快速增长，以及全球口服GLP-1业务的能见度，该行将康龙化成2026至2028年收入预测分别...

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