HEC Pharma (1558 HK): Strong Performance to Continue as Flu Activity Is On Rise In China
649 Views04 Jan 2024 09:30
SUMMARY
- Yichang HEC Changjiang Pharma (1558 HK) is set to benefit from the recent upsurge in respiratory illness in China. The company commands ~90% share of anti-flu drug market in China.
- In 1H23, HEC Pharma’s revenue jumped 148% YoY to RMB3.2B, mainly due to spiking flu cases in China. A strong flu season in 4Q23, should boost H2 performance.
- Despite a 43% rally in HEC Pharma share price over the last six months, the shares are trading at forward P/E of just 4.8x.
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Tina Banerjee
Global Healthcare Analyst
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