Stock Track | Tigermed Plunges Despite Solid Q2 Results Amid Investor Disappointment

Stock Track08-29

Shares of Tigermed Consulting Co., Ltd. (03347.HK), a leading China-based clinical research services provider, plummeted as much as 7.37% in intraday trading on Wednesday, despite the company reporting solid second-quarter results.

For the quarter ended June 30, Tigermed's total revenue rose 2.3% quarter-over-quarter to RMB 1.698 billion, while gross profit increased 12.2% to RMB 705 million. The company also reported an 11.3% increase in net profit attributable to shareholders, reaching RMB 337 million.

However, the strong financial results seem to have failed to meet investor expectations, as Tigermed's stock price faced heavy selling pressure. Analysts suggest that the market may have been anticipating an even stronger performance, given the company's robust growth trajectory and the increasing demand for clinical research services in China.

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(03347.HK), a leading China-based clinical research services provider, plummeted as much as 7.37% in intraday trading on Wednesday, despite the company ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03347","symbol_name":"泰格医药","start_time":0,"source_url":"","article_id":"1156132637","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156132637","pubTimestamp":1724920121,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Tigermed Consulting Co., Ltd. , a leading China-based clinical research services provider, plummeted as much as 7.37% in intraday trading on Wednesday, despite the company reporting solid second-quarter results.For the quarter ended June 30, Tigermed's total revenue rose 2.3% quarter-over-quarter to RMB 1.698 billion, while gross profit increased 12.2% to RMB 705 million. 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