Phillip Securities Group
Please note that the Day Light Saving of Europe and US will be effective on April 1st and March 11th respectively. The trading hours for those relevant contracts will be 1 hour earlier. Any questions, please contact us at 22776677.For details, please visit our foreign futures website or contact us at 22776677.Moreover,the spread of USD/JPY is low as one pip.Please click here for details
  Phillip Investor Notes

09-03-2020(Mon) 06-03-2020(Fri) 05-03-2020(Thu) 04-03-2020(Wed) 03-03-2020(Tue)
Page : 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |
Investor Notes - Phillip Securities (HK) Ltd
Past Investor Notes  
Phillip Home Send to Friends Free Subscription Give Comments ¤¤¤åª©
30 Jul, 2019 (Tuesday)

It is Asia`s largest pharmaceutical R&D service platform based on 2017 revenue, accounting for 1.1% of the global pharmaceutical R&D outsourcing service market. The market share is 8.3% in China. Focusing on the discovery, development and manufacturing of small molecule drugs. It also provides research and development and manufacturing services for cell and gene therapies, accounting for 8.1% and 18.2% of the global and US cell and gene therapy CMO/CDMO market share, respectively. It ranked fourth and second respectively. In 2018, revenue increased by 23.8% year-on-year to RMB 9.613 billion (the same below), and net profit increased by 84.22% year-on-year to RMB 2.26 billion. The global pharmaceutical market grew at a CAGR of 4.9% from 2013 to 3017 and is expected to grow at a CAGR of 5.7% by 2022. China is the second largest pharmaceutical market in the world. It is expected that the policy will continue to encourage the development of innovative patented drugs in the next five years. It is expected that the generic and patented drugs will grow at a CAGR of 8% by 2022. The cell and gene therapy CMO/CDMO grew at a CAGR of 23.2% from 2013 to 2017 and is expected to grow at a CAGR of 24.2% by 2022.
Buy-in Price: $73.65, Target Price: $80.00, Cut Loss Price: $65.00

Local Index
       Index    Change   Change%

World Index
       Index    Change   Change%

A-H spread
Stock Code H share
A share
H share

Oversea Research Reports

Investment Service Centre

Enquiry : 2277 6666 OR
If you cannot read this e-mail in the proper format, please click here to view the web version.

Information contained herein is based on sources that Phillip Securities (Hong Kong) Limited and/or its affiliates ( the ¡§Group¡¨) believe to be accurate. The Group does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The Group (or its employees) may have interests in relevant investment products. For details of different products¡¦ risks, please view the Risk Disclosures Statement on

If you DO NOT wish to receive further marketing emails from us, please click HERE to opt-out.

ª©Åv©Ò¦³¡A ½¦L¥²¨s¡C

Copyright(C) 2019 Phillip Securities (HK) Ltd. All Rights Reserved.

Copyright © 2011 Phillip Securities Group. All Rights Reserved [ Risk Disclosures Statement ] [ Terms and Conditions ] [ Personal Data Policy ]