In today’s briefing:
- Shanghai/Shenzhen Northbound Connect: Weekly Moves (15 July 2022)
- Alkem Laboratories Ltd (ALKEM IN): Strong India Business to Drive Future Performance
Shanghai/Shenzhen Northbound Connect: Weekly Moves (15 July 2022)
- Inside is a recap of movements in the last week relating to the Hong Kong Stock Exchange -Shanghai and Shenzhen Northbound Connect facilities, broken down by company and industry.
- Overall, net outflow over the past week was ~US$1.28bn, split between Shanghai (-US$0.85bn) and Shenzhen (-US$0.43bn)
- The largest inflows were into Aier Eye Hospital (300015 CH) and Shenzhen Mindray (300760 CH). The largest outflows were in China Merchants Bank (600036 CH) and Sungrow Power (300274 CH).
Alkem Laboratories Ltd (ALKEM IN): Strong India Business to Drive Future Performance
- Alkem Laboratories Ltd (ALKEM IN) earns 71% of total revenue from domestic business, which is the most important growth lever of the company. Domestic business revenue grew 29% in FY22.
- The company dominates the anti-infective segment, through its mega brands, with a market share of 12.9%. In the chronic segment, Alkem is growing fast to emerge as a significant player.
- Regular new product launches, including biosimilars, should continue to contribute to Alkem’s growth and fill portfolio gaps. Entry into new therapies would also be an important growth engine, going forward.
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