On August 10, BIOCYTOGEN-B rose 5.1% in regular trading, trading at 65.5 HKD/share, with turnover of HKD 29.71 million. The stock continued its upward momentum following a strong performance forecast and persistent institutional buying.
The company recently disclosed its H1 earnings preview, projecting revenue of RMB 936-946 million, representing 51%-52% year-on-year growth, and attributable net profit of RMB 236-246 million, a surge of 392%-413% compared with RMB 48 million in the year-ago period. Notably, Q1 alone delivered RMB 104 million in net profit, marking a turnaround from a prior-year loss.
On the institutional front, E Fund Management raised its long position to 10.0% through multiple purchases at prices ranging from HKD 46.90 to HKD 56.60 per share since June. Fullgoal Fund similarly accumulated shares, lifting its stake to 8.23% following a HKD 28.83 million purchase in late July. The dual-engine growth from animal model services and antibody development, combined with a global bispecific ADC strategic collaboration with Whitehawk Therapeutics covering five antibody candidates, underpins the accelerating profit trajectory.
(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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