$HUTCHMED(00013)$ The biotech sector is experiencing a valuation re-rating, with industry leaders like HUTCHMED and $INNOVENT BIO(01801)$ leading the way.
This year marks a turning point, not just for the broader Hong Kong stock market but also for innovative drugmakers. While much attention has been on Hang Seng Tech and Internet sectors, the Hong Kong Biotech ETF (SZ159570) has surged 32% year-to-date, significantly outperforming tech and internet ETFs.
Positive catalysts such as improving drug procurement policies, booming License out deals from major players like Hengrui, and Innovent’s stellar earnings report have fueled this rally. With Hong Kong-listed biotech stocks showing stronger rebounds due to deeper previous corrections, now is the time to seize the investment opportunity in innovative medicine!
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