Citi Raises Keymed Bio's Target Price to HK$97.5, Maintains Buy/High-Risk Rating
Stock News
Aug 21
Citi has released a research report highlighting that KEYMED BIO-B (02162) posted first-half 2026 revenue of RMB617 million, marking a 24% year-over-year increase. Notably, sales of stapokibart reached RMB393 million, surging 132% compared to the same period last year.
Management has lifted its full-year 2026 sales guidance for stapokibart from RMB750 million to RMB850 million, while reiterating a peak sales target exceeding RMB5 billion. The firm believes the market potential for stapokibart, CMG901, and CM512 has yet to be fully reflected in the current share price.
Consequently, Citi has raised its target price for the company from HK$85 to HK$97.5, while keeping a "Buy/High-Risk" rating intact.
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