On August 10, BEONE MEDICINES rose 3.05% in regular trading, trading at 216.4 HKD/share, with turnover of 3.95 billion HKD.
On the news front, the company reported Q2 global revenue of $17.05 billion, up 30% year-over-year, with adjusted EPS of $3.84 significantly exceeding the consensus estimate of $1.44 by 167%. First-half net profit attributable to shareholders reached RMB 32.71 billion, surging 627.1% year-over-year. The company simultaneously raised its full-year revenue guidance to RMB 449-462 billion, driven by the leading position of its core product Brukinsa in the US market and continued expansion in Europe.
Multiple institutions upgraded their target prices following the results. CLSA raised its target to 321.7 HKD, CICC to 266 HKD, Bank of America to 255.43 HKD, and DBS to 265 HKD, all maintaining buy or outperform ratings. CMBI noted strong revenue growth, improving profitability, and rich R&D catalysts will continue to support valuation upside.
(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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