Movement Alert|PHARMARON Rises 3.46% in Regular Trading, CXO Sector Rallies on Policy Tailwinds and Strong H1 Earnings

Market Focus09-29 09:54

On September 29, PHARMARON rose 3.46% in regular trading, trading at 31.16 HKD/share, with turnover of approximately 20.40 million HKD. The stock gained alongside a broad CXO sector rally driven by favorable policy developments and robust mid-year earnings.

On the policy front, the recently released pharmaceutical industry plan under the national 15th Five-Year framework has designated biopharma as a national emerging pillar industry, targeting annual growth of no less than 20% for the innovative drug sector, with AI-powered drug development highlighted as a key priority. The policy catalysts have continued to lift the CXO sector broadly, with peers WUXI BIO up 3.93%, WUXI APPTEC up 3.3%, and INSILICO up 4.0%.

Fundamentally, PHARMARON reported H1 revenue of RMB 7.595 billion, up 17.9% year-over-year, with adjusted net profit of RMB 909 million, up 20.3%. The company guided full-year revenue growth of 15% to 20%. Morgan Stanley recently maintained an Overweight rating with a target price of 35.6 HKD, implying meaningful upside from current levels.

(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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