Kelun-Biotech is overvalued. Its commercialization could be disappointing.We advise investors to take profits in time, since as A166/SKB264 begin to generate revenue, it's hard to keep the story going
Boomeranged on Wed, 8 May 2024 10:09
Kelun Bio seeks to raise HKD540.5M in net proceeds from Share Placement. The Placing Price is HKD150/share (6.8% discount to Last Traded Price of HKD161/share). As analyzed in this insight, after A166/SKB264 are approved for market launch and generate revenue, it could be hard to keep the story going. Currently, Kelun Bio is overvalued. We think the reasonable market value is below RMB15 billion.
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