BOCOM International Lifts BEONE MEDICINES Price Target to HKD 276, Maintains Buy Rating

Stock News11:08

BOCOM International has released a research report raising its price target for BEONE MEDICINES (06160) from HKD 229.2 to HKD 276, while maintaining a "Buy" rating.

In the second quarter, Zanubutinib from BEONE MEDICINES once again delivered sales results exceeding expectations, driven by factors such as expanded indications, deeper penetration of new patients, enhanced compliance, and improved duration of therapy (DoT). Meanwhile, Tislelizumab is beginning to accelerate its overseas sales volume, and its future combination with HER2 bispecific antibodies will unlock treatment opportunities in first-line HER2+ gastric cancer.

The firm has raised its net profit forecasts for BEONE MEDICINES for the years 2026 through 2028 to USD 1.026 billion, USD 1.5 billion, and USD 2.008 billion, respectively. This revision reflects the company's stronger-than-expected second-quarter performance and the latest guidance provided.

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