HK Stock Market Move | Asymchem Laboratories end of day closing up more than 5%, 2 billion yuan chemical large molecule CDMO project landing in Tianjin, TIDES continues to expand capacity and production.

Asymchem Laboratories (06821) rose more than 5% before closing, up 5.13% to HK$104.5 as of the end of trading, with a turnover of HK$1.18 billion. On the news front, Asymchem Laboratories' chemical large molecule CDMO project landed in Tianjin Economic Development Area. This project will further enhance the company's one-stop CDMO service capabilities in new molecular types such as peptides and oligonucleotides (TIDES), better meeting the diverse needs of global partners. Zheshang previously pointed out that considering Asymchem Laboratories' good pipeline of small molecule CDMO projects, we believe that the small molecule CDMO business still has strong growth potential. Emerging business segments such as peptides, oligonucleotides, ADC-related CDMO, and formulation CDMO still have significant growth space and performance flexibility.