Guotai Junan International: Raises BeiGene Ltd (06160.HK) target price to 231 Hong Kong dollars, maintains "buy" rating.

According to the WiseMoney APP, CICC released a research report stating that based on BeiGene's strong growth in the third quarter, the group's net profit forecast was raised by 3%-52%, mainly reflecting a more optimistic expectation of its operating expense ratio. At the same time, the target price was raised to HK$231, still with a 18.2% upside potential. The "buy" rating is maintained. The report pointed out that the company has raised its 2025 revenue guidance to $5.1-5.3 billion and lowered its GAAP operating expense guidance to $4.1-4.3 billion.