Hong Kong Stocks Movement | GIANT BIOGENE (02367) Rebounds Over 6% as Approved Recombinant Collagen Medical Aesthetic Product Expected to Drive Second Growth Curve

Stock News11-10

GIANT BIOGENE (02367) rebounded more than 6%. At the time of writing, the stock rose 4.1% to HK$40.1, with a turnover of HK$411 million.

In October this year, the company's first Class III medical aesthetic product—recombinant type I a1 collagen freeze-dried fiber—was approved for filling facial dermal tissue to correct dynamic forehead wrinkles, including glabellar lines, forehead lines, and crow's feet. Additionally, the company currently has three medical aesthetic products under development, including facial hydration, neck wrinkle treatment, and volumizing fillers.

Analysts noted that due to public sentiment, livestreaming sales structure, and competition, the ranking of its flagship brand "Kefumei" declined during the Double 11 shopping festival, potentially putting short-term pressure on its skincare business. However, the company's strong brand equity and operational foundation remain intact, with focus on subsequent channel adjustments and new product launches.

Furthermore, recombinant collagen is recognized for its anti-aging and reparative properties, with strong consumer awareness. Given the company's established presence in the medical aesthetic channel, the newly approved product is expected to contribute to a second growth curve post-launch.

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