JP3SBIO@EC2603A

CMB Analyst Reiterates Buy Rating for 3SBio with Target Price

Pfizer and Sino Legend Biopharmaceuticals Advance PD-1/VEGF Bispecific Antibody Development

Huitianfu Fund Management Co. Reduced ST Pharm to 1.7845 million shares

CITIC Fund Management Co., Ltd.增持三生制药

Sizhe Bio Completes $40 Million Financing to Advance iPSC-Derived Neural Cell Drug Development

China's Pharmaceutical Companies Achieve Record Foreign Licensing Deals in 2025

China's Innovative Drugs Transaction Volume Surpasses the US to Set a New Record

Sias Pharmaceutical's TPO Injection Receives New Indication Approval

CSL Pharmaceutical Holdings shareholders deposit shares with Standard Chartered Bank

Sanomics Raised HK$3.1 Billion Through Private Placement

3SBio Inc. Conducts Private Placement of New Shares

Sensing Pharma Sell Shares to Raise Funds for Global and China R&D

JPMorgan 上调 Sino Legend 目标价并维持买入评级，Sino Legend plans to spin off Mandy International

Guotai Junan Securities Raises Target Price for Tris Pharma and Maintains Overweight Rating

Sanomics Announces 707 Clinical Data, Pfizer Unveils Global Clinical Strategy for 707

Hua Tian Fu Fund Increased Holdings in Sino Biological to 6.01%

CStone Pharma and Pfizer Reach Agreement on SSGJ-707, Pfizer Pays Hefty Fees

Huitianfu Fund Reduces Stake in 3SBio to 5.99%

Huitianfu Fund Increases Holdings in 3SBio to 6.04%

Sensing Pharma Announces 707 Combined Chemotherapy Treatment NSCLC Phase 2 Data, Pfizer Publishes Global Clinical Strategy for 707

GUANZE MEDICAL

TJCD

ASIA ENERGY LOG

CHI P ENERGY

BOER POWER

AB BUILDERS

SUN HING PRINT

NIU HOLDINGS

HUAYUEXPRESSWAY

ZHONGSHI MINAN

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Results from a Phase 2 trial reveal promising findings for patients who cannot undergo standard reperfusion therapies. This data was presented at the International Stroke Conference and highlights the efficacy of LT3001 in providing significant functional improvements for patients with disabling Acute Ischemic Stroke (AIS). The trial showcased that LT3001 delivers meaningful outcomes for patients ineligible for standard treatments.

Unusual Whales

Shanghai Pharma

3SBIO

SH PHARMA

Breakthrough trial LT3001 shows functional improvement in patients with acute ischemic stroke, ineligible for standard therapies. Presented at conference.

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SINO BIOPHARM (1177.HK) has recently experienced a prolonged period of low price fluctuations, with daily candlesticks showing slight alternation between bullish and bearish trends, and an overall downward shift in focus. In the past few trading days, the stock price has retraced to the vicinity of previous low ranges, with trading volume continuously shrinking and market participants showing strong wait-and-see sentiment. From a technical perspective, the MACD indicator remains in a death cross, with significant green bars, indicating a large divergence between bulls and bears in the short term. 

Fundamentally, the company focuses on its pharmaceutical core business, possessing strong R&D capabilities and product resources. However, it is affected by industry medical insurance cost control, centralized procurement pressures, and a slowdown in sequential performance growth, leading to weakened market confidence. The overall valuation of the Hong Kong pharmaceutical sector is under pressure, with limited inflow momentum from northbound and foreign capital, and a noticeable decline in trading enthusiasm. Meanwhile, the global interest rate hike cycle and the continued weakness of the Hong Kong dollar are also macroeconomic headwinds that have further suppressed risk appetite for capital.

Technically, current support is located in the HKD 3.5-3.8 range, which has historically seen rebounds after multiple touches. However, the sustainability of recent rebounds has been average. If there is a short-term increase in volume and the price stabilizes above HKD 4, it may open a window for a rebound and repair the weak pattern. Conversely, if the price breaks support on low volume, there may be a risk of inertia downward movement. Investors are advised to closely monitor the distribution of main funds and the short-term sector atmosphere, and to avoid blindly entering large positions until technical signals are clear. If a rebound stabilizes alongside unusual movements in incremental funds, light participation in short-term opportunities may be considered, with an overall focus on stability and risk control as a priority

Technical Forecast

SINO BIOPHARM

Morning Trend | SINO BIOPHARM rebounds from low points, will a rebound window open?

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LUYE PHARMA (2186.HK) has recently seen its stock price continue to decline, temporarily retracing to the previous low point area. The daily death cross signal is clear, and the short-term bearish atmosphere dominates the market. From a technical perspective, major indicators such as MACD and RSI are showing weakness, with the 5-day and 10-day moving averages continuing to decline, and the K-line combination leaning towards bearish, indicating ongoing market selling pressure. 

On the fundamental side, although LUYE PHARMA has launched some new drugs, the industry as a whole has entered a complex phase of stricter policy regulation, price reductions in medical insurance, and high R&D investments, which affects performance improvement in the short term due to various uncertainties. The overall performance of the pharmaceutical sector has seen a recent decline in participation enthusiasm, with major institutions preferring defensive industries or rotating into high-growth areas. 

In terms of sector linkage, the pharmaceutical sector is weak, with noticeable short-term capital outflows. LUYE PHARMA is constrained by the overall atmosphere, facing systemic adjustment pressure brought about by the industry's "collective bearish" sentiment. In the current sensitive range of the retracement phase, both institutions and short-term funds remain highly sensitive, with price fluctuations easily triggering sector resonance. 

For future trends, attention should be paid to whether the support at this low point is effective. If strong support is breached, short-term bearish signals may further strengthen; conversely, if funds provide support and lead to a reversal of indicators, there may be a technical rebound in the short term. Investors should strictly control risks, primarily adopting a wait-and-see approach when the bottom is unclear, and if making tentative layouts, set appropriate stop-loss levels

LUYE PHARMA

Early Morning Trend | LUYE PHARMA retraces to the stage low, can sector linkage change the weakness?

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CMB International Securities analyst Jill Wu has reaffirmed a Buy rating on 3SBio (TRSBF) with a price target of HK$37.43, while the shares closed at HK$24.26. The analyst has an average return of 39.6% and a success rate of 59.73%. The consensus for 3SBio is a Strong Buy, with a price target consensus of HK$39.95, indicating a potential upside of 64.66%.

Tip Ranks

Huaan Hang Seng Biotech ETF

Penghua CSI HK Connect Health Care Composite ETF

E Fund Hang Seng SCHK Innovative Drug ETF

Hwabao WP Hang Seng SCHK Innovative Drug Select ETF

CMB International Securities Reaffirms Their Buy Rating on 3SBio (TRSBF)

The research report from China Merchants Bank International indicates that the drug development program 707/PF'4404, a collaboration between Pfizer and 3SBIO, has progressed beyond expectations, with four global Phase 3 clinical studies expected to start in 2026. This drug is anticipated to become a cornerstone of the next generation of tumor immunotherapy, driving up 3SBIO's stock price. Based on increased competition, the target price has slightly decreased to 37.43 yuan, maintaining a "Buy" rating

AASTOCKS

iShares US Pharma

First Trust NYSE Arca Biotech Index Fd

VanEck Biotech ETF

Invesco Biotechnology & Genome ETF

Invesco Nasdaq Biotechnology ETF

ALPS Medical Breakthrough

VG Health

Ark Genomic Revolution ETF

Huatai-PB Hang Seng Innovative Drugs Industry ETF(QDII)

iShares Biotechnology ETF

Health Care Select Sector SPDR

Bosera Hang Seng SCHK Innovative Drug Select ETF

Pfizer

Proshares Ultra Nasdaq Biotech

SPDR S&P Biotech

CITIC International expects that the release of the value of 707 drugs will drive 3SBIO upward

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36Kr learned that the Hang Seng Index fell 0.1% during the midday break, and the Hang Seng TECH Index dropped 0.4%; the non-ferrous metals, pharmaceutical and biotechnology, and software services sectors led the decline, with Hong Kong Exchanges and Clearing falling over 5%, 3SBIO dropping over 4%, and XUNCE falling over 4%; the energy, durable consumer goods, and building materials sectors strengthened, with WISON ENGRG rising over 7%, POP MART and ARTGO HOLDINGS increasing over 1%; southbound funds net bought HKD 3.955 billion

36Kr

Hang Seng TECH Index

ARTGO HOLDINGS

WISON ENGRG

Hang Seng Index

XUNCE

POP MART

The Hang Seng Index fell 0.1% at midday, and the Hang Seng TECH Index dropped 0.4%

As of the close on January 21, 3SBIO (1530.HK) continued to oscillate downward, with trading volume consistently shrinking during the session. The main funds showed a strong wait-and-see sentiment, and the strength to seize rebounds was limited. The daily MACD death cross pattern continued, with green bars expanding, making it difficult to reverse the weak pattern in the short term. Overall, the dominant market sentiment remains defensive, with most short-term funds choosing to enter and exit quickly, showing a clear lack of willingness to sustain long positions. 

In terms of the industry, the biopharmaceutical sector has recently performed weakly, with the uncertainty of price reductions from centralized procurement and adjustments to the new medical insurance catalog increasing pressure on growth-oriented pharmaceutical companies. 3SBIO has recently lacked new product approvals or significant business developments, leading to a further decline in market attention due to the bland corporate news. The overall sector is not very hot, and many institutions in the market are taking a wait-and-see approach, with defensive sentiment dominating.

From the market perspective, CNY 23.58 has become a key level of divergence between bulls and bears, and a short-term breach could indicate a second bottoming signal. A decline on shrinking volume typically indicates that active selling is nearing a temporary completion stage, but if there is no subsequent volume recovery, the downward inertia will still prevail. In terms of intraday performance, there has been some inflow of funds attempting to seize rebounds, but there is a lack of supporting follow-up buying, raising doubts about sustainability during the session.

In terms of strategy, it is recommended to keep short-term risk exposure at a low level and closely monitor the trends in medical insurance policies and changes in sector fund flows. Currently, there are no clear reversal signals from both technical and fundamental perspectives, and right-side trading users should mainly adopt a wait-and-see approach, avoiding adding positions against the trend. Only significant positive news, such as new drug approvals or a notable recovery in trading volume, is likely to bring about a phase of rebound opportunities

Minsheng Royal CSI Biotechnology Theme ETF

E Fund CSI Biotechnology Theme ETF

China Merchants CSI Biotechnology Theme ETF

Ping An CSI Medicine and Medical Device Innovation ETF

ChinaAMC SSE Health Care ETF Initiating Fund

Founder Fubon CSI Medicine and Medical Device Innovation ETF

E Fund CSI 300 Health Care ETF

Guotai CSI Bio-medicine ETF

ChinaAMC SSE STAR Biology and Medicine ETF

ChinaAMC CSI Biotechnology Theme ETF

Penghua SSE STAR Biology and Medicine ETF

Bosera Hang Seng Health Care ETF(QDII)

GF CSI HK Innovative Drugs Industry ETF(QDII)

Morning Trend | 3SBIO declines on reduced volume, is the support defense battle about to begin?

Hong Kong stocks continued their upward trend on July 28, with the cryptocurrency, innovative drug, gaming, and insurance sectors performing well. Hong Kong's &#34;Stablecoin Ordinance&#34; will officially take effect on August 1, marking the countdown to stablecoin issuance; the innovative drug sector was boosted by Hengrui Pharmaceuticals securing a $12 billion order; insurance stocks extended their gains as industry anti-internal competition and interest rate cuts improved profit prospects; gaming stocks benefited from Macau's July gaming revenue exceeding expectations and Thailand's withdrawal of the casino bill.

HENGRUI PHARMA

Hengrui Pharma

INNOVENT BIO

CSPC PHARMA

OSL GROUP

CPIC

SUNSHINE INS

SANDS CHINA LTD

Sands China

WYNN MACAU

CR HOLDINGS

CHINA LIFE

China Life

MELCO INT'L DEV

GUOTAI JUNAN I

AIA-R

AIA Group

SJM HOLDINGS

Hot Trades in Hong Kong Stocks (7.28)｜Cryptocurrency, Innovative Drugs, Insurance, and Gaming Sectors Shine, Hengrui Pharmaceuticals Soars 15% at Midday

Hong Kong stocks' innovative medicine sector surges 66%, three-pronged approach ignites the golden track

Yinhua CSI Innovative Drugs Industry ETF

WUXI APPTEC

WuXi AppTec

WUXI BIO

WuXi Biologics

REMEGEN

RemeGen

DUALITYBIO-B

INNOCARE

InnoCare Pharma

AKESO

JOINN

Hong Kong stocks' innovative drugs surge 66%! Three major catalysts ignite the 'golden track', can we still get on board in the second half of the year?

JP3SBIO@EC2603A(18879.HK)

Breakthrough trial LT3001 shows functional improvement in patients with acute ischemic stroke, ineligible for standard therapies. Presented at conference.

Morning Trend | SINO BIOPHARM rebounds from low points, will a rebound window open?

Early Morning Trend | LUYE PHARMA retraces to the stage low, can sector linkage change the weakness?

CMB International Securities Reaffirms Their Buy Rating on 3SBio (TRSBF)

CITIC International expects that the release of the value of 707 drugs will drive 3SBIO upward