On August 13, HANSOH PHARMA rose 3.94% in regular trading, trading at HK$34.76/share, with turnover of HK$153 million.
The pharmaceutical sector saw a broad rebound on the day, with CSPC Pharma up 5.82%, CF Pharmtech up 5.28%, and Hengrui Pharma up 1.34%. On the news front, multiple catalysts have converged for the company. CLSA maintained its Outperform rating and raised its target price to HK$42, projecting five new drugs to receive approval next year, including its B7-H3 ADC, Olatorepatide, c-MET, and RET inhibitors. CLSA forecasts revenue growth of 14%, 10%, and 14% for the coming three years, with net profit growth of 9%, 12%, and 16% respectively.
The company recently announced its proprietary ADC HS-20093 met primary endpoints in Phase III trials for both osteosarcoma and small cell lung cancer, and new drug HS-10582 received clinical trial approval for hypercholesterolemia. Interim results are scheduled for disclosure on August 26, with market expectations for earnings delivery rising.
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