Changes in Hong Kong stocks | CRO concept stocks had the highest gains, Komo said they were not worried about rising interest rates affecting sector order growth to support the delivery of subsequent results

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that CRO concept stocks had the highest gains. As of press release, Pharmaceuticals (02269) rose 4.06% to HK$57.65; Kanglong Chemical (03759) rose 3.86% to HK$32.84; Tiger Pharmaceuticals (03347) rose 3.13% to HK$46.74; Pharmaceuticals (02359) rose 2.26% to HK$217.2.

According to the news, the yield on US 10-year Treasury bonds once climbed to 5.351% intraday on Monday, a 24-year high. J.P. Morgan Chase released a research report saying they are not worried about rising interest rates affecting China's healthcare industry. Interest rates are more relevant to long-term biotech assets, while the direct link between CXO valuations and interest rate changes is weak, and performance is more driven by profit. The bank expects the current rate hike cycle to end after another rate hike in December, rather than continuing until next year's long-term contraction. Therefore, it is not too worried about the impact of rising interest rates on China's healthcare valuation, and continues to be optimistic about the biotech and CXO sub-sectors.

It is worth noting that the 2026 European Society of Medical Oncology Annual Meeting will be held in Madrid, Spain from October 23 to 27. A total of 29 new Chinese drug studies are expected to be selected for the LBA at this conference, accounting for about one-third of the total LBA of the conference. Of these, 5 will enter the presidential seminar, and the remaining 24 will be reported in preferred oral or quick oral form. The number and proportion of candidates will reach a record high after 2025. Guosheng Securities pointed out that the increase in orders combined with production capacity in emerging fields such as ADC, GLP-1, and nucleic acid drugs has entered the harvest period, providing support for subsequent CXO revenue growth, and order conversion and profit fulfillment are worth continuing to track.