中金：降联邦制药(03933.HK)目标价至12港元上半年经调整利润符预期

智通财经09-03

【中金：降联邦制药(03933.HK)目标价至12港元上半年经调整利润符预期】智通财经APP获悉，中金发布研报称，联邦制药(03933.HK)上半年经调整利润符合该行预期。考虑汇兑损失将2026年归母净利润下调9%至8.71亿元人民币，维持经调整净利润9.57亿元人民币。考虑研发及销售费用投入增加，将2027年归母净利润/经调整净利润下调19.7%至14.1亿元人民币。考虑到港股原料药及中间体业务估值中枢调整，目标价下调25%至12港元。评级“跑赢行业”。

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中金：降联邦制药(03933.HK)目标价至12港元 上半年经调整利润符预期

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中金：降联邦制药(03933.HK)目标价至12港元上半年经调整利润符预期