
BofAS Maintains Buy on BEIGENE with TP at HKD243.83

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BofAS has maintained a Buy rating on BEIGENEwith a target price of HKD243.83. The company reported total drug sales in China of RMB602.4 million in February, a 17.7% increase year-over-year. Sales of self-developed and in-licensed products were RMB332.2 million and RMB269.8 million, rising 20.3% and 14.5% YoY, respectively. Notably, tislelizumab and zanubrutinib sales reached RMB244.7 million and RMB87.3 million, showing YoY growth of 14.1% and 42.6%.
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