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<Research>CLSA Raises SKB BIO-B's TP to HKD500.6, Reiterates Rating Outperform
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SKB BIO-B (06990.HK) saw a 31.3% YoY drop in its 1H25 turnover and recorded a net loss of RMB145 million, both better than expected, according to CLSA's research report.

CLSA lifted its target price for SKB BIO-B from HKD328.4 to HKD500.6 and reiterated the Outperform rating.

Related NewsSKB BIO-B Records Interim Loss RMB145M
The report also mentioned the sales of SKB BIO-B's initial mid-term products amounted to RMB310 million, which was primarily driven by sac-TMT. It is expected that the label expansion for 2L NSCLC will push up their sales further in 2H25.
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