Movement Alert|Akeso Rises 3.1% in Regular Trading, Multiple Brokerages Issue Buy Ratings Amid Biotech Sector Rebound

Market Focus06-24 09:49

On June 24, Akeso (09926.HK) rose 3.1% in regular trading, trading at HKD 88.4/share, with turnover of HKD 262 million.

On the news front, CITIC Construction Investment and Industrial Securities recently published research reports issuing Buy and Overweight ratings respectively, while the broader biotech sector staged a collective rebound. CITIC Construction Investment noted that Akeso has established itself as a domestic leader in bispecific antibodies with its globally leading Tetrabody platform, forming a dual strategic direction of IO 2.0 and ADC. Industrial Securities maintained its Overweight rating, stating that the ivonescimab HARMONi-6 OS data represents a milestone achievement with projected revenue potential exceeding USD 15 billion by 2033.

Additionally, the company previously approved a buyback plan of up to HKD 200 million combined with management planned purchases of up to HKD 50 million, sending clear capital support signals. Peer stocks also rallied, with Kelun-Biotech up 6.88%, Remegen up 4.26%, and BeiGene up 3.36%, reflecting broad sector recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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