Industrial Bank International raises Beigene's target price by 4% to HK$179, improvement in fundamentals this year

Golden Ten data on January 16th, Jian Ying International released a report, raising the target price of BeiGene (06160.HK) from 173 Hong Kong dollars to 179 Hong Kong dollars, or 3.5%, and maintaining an “outperform” rating. The bank pointed out that the group’s fundamentals will improve by 2025, driving the valuation rise, considering the positive impact of the group’s approved PD-1 biopharmaceutical in the United States on future sales.

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