Daiwa released a research report saying that BeiGene's third-quarter results beat expectations. The bank reaffirmed the “buy” rating, raised the target price from HK$270 to HK$286, and raised the 2026-2028 earnings forecast per share by 1% to 15%. Revenue for the period increased 34% year over year to US$1.89 billion. Among them, product revenue increased 33% year over year to US$1.86 billion, higher than the bank and market forecasts, mainly driven by Brukinsa's sales victory expectations. Adjusted non-GAAP net profit for the third quarter increased 77% year over year to US$539 million, which also beat the bank's and market expectations.
Zhitongcaijing · 2d ago
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Daiwa released a research report saying that BeiGene's third-quarter results beat expectations. The bank reaffirmed the “buy” rating, raised the target price from HK$270 to HK$286, and raised the 2026-2028 earnings forecast per share by 1% to 15%. Revenue for the period increased 34% year over year to US$1.89 billion. Among them, product revenue increased 33% year over year to US$1.86 billion, higher than the bank and market forecasts, mainly driven by Brukinsa's sales victory expectations. Adjusted non-GAAP net profit for the third quarter increased 77% year over year to US$539 million, which also beat the bank's and market expectations.
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