Guotai Haitong: Maintains "buy" rating on GENSCRIPT BIO(01548), driving growth through innovation.
The gene and plasmid business has achieved continuous growth, reaching a leading position in the industry, with the goal of expanding downstream applications and enhancing business potential.
Guotai Haitong released a research report stating that it maintains a "buy" rating on GENSCRIPT BIO (01548) with a target price of HK$26.21 per share. The company's core development strategy is centered around "technology-driven" and "globalization layout," with a clear long-term revenue growth target and growth path for each sector. The company is optimistic about the long-term development trend of the company.
Key points from Guotai Haitong:
- Long-term strategic blueprint to create a globally leading biopharmaceutical ecosystem.
- Focus on high-quality growth to enhance profitability, targeting to achieve over $3 billion in revenue by 2035 with an operating profit margin of over 20%.
- Ensure stable growth of the basic business.
- Strengthen growth-oriented businesses for certain growth and seek industry breakout opportunities.
- Profit forecasts and ratings.
Risk factors include a decline in the global biopharmaceutical R&D sentiment, unexpected progress in external authorization pipelines, intensified industry competition, and global macro-geopolitical risks.
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