Everbright Securities: Raises Revenue and Earnings Forecast for BeiGene (06160.HK), Mid-term Performance Exceeds Expectations

Zhitong Finance APP has learned that Daiwa Capital Markets has released a research report stating that BeiGene (06160.HK) achieved a revenue growth of 32.3% year-on-year in the first half of the year, reaching $3.219 billion. Adjusted net profit increased by 110.7% year-on-year to $820 million, both exceeding the firm's and market expectations. The mid-term revenue and adjusted net profit represent 49.7% and 59.7% of Daiwa's full-year forecasts, respectively, showing progress ahead of schedule. The firm has raised its revenue forecasts for BeiGene for 2026, 2027, and 2028 by 5.8%, 5.9%, and 5.9%, respectively, and adjusted profit forecasts by 19.9%, 12%, and 3.8%. The target price has been raised to HKD 265, maintaining a Buy rating.