> 数据图表一起讨论下股价2026-1-2股价招商目标价上涨 空间市值 百万美元1,074.7954-11%1,020,279265,89128,31440.917.036.317,404210.6218,81652,52228.887.033,619940.7672.28,01221.7150%1,124196.3图6：招证国际医药医疗团队美股/港股主要覆盖标的公司代码礼来制药诺华制药 翰森制药信达生物赛默飞世尔艾拉伦制药百济神州三生制药和誉康臣药业华润医药石药集团基石药业康诺亚迈瑞医疗 荣昌生物中国生物制药新产业石四药集团环球医疗Veeva system 药明康德药明生物讯飞医疗亚辉龙算数平均LLY USNVS US3692 HK1801 HKTMO USALNY YSONC US1530 HK2256 HK1681 HK3320 HK1093 HK2616 HK2162 HK300760 CN9995 HK1177 HK300832 CN2005 HK2666 HKVEEV US2359 HK2269 HK2506 HK688575 CN招商 评级增持增持 增持增持增持增持增持增持增持增持增持中性增持增持增持 增持增持增持增持增持增持中性中性增持增持货币美元美元 港元港元美元美元美元港元港元港元港元港元港元港元人民币 港元港元人民币港元港元美元港元港元港元人民币137.9175.036.478.847.5112.0579.5734.0397.7563303.8371.324.613.015.64.58.55.32532.515.95.99.37.353.582.0190.5292.073.76.456.32.96.0n.a9.872.03.89.1223.2351.0101.0106.127%30%42%27%42%22%2%2%31%10%37%53%53%n.a54%28%33%52%57%5%32.576.614.226.0-20%129.416.769%18%资料来源：公司资料、招商证券（香港）、彭博；基于2026年1月2日收盘价彭博终端报告下载：NH CMS <GO>783569876334.1%20.5%2026 年 1 月 5 日（星期一）市销率（倍）PEG (倍)ROE (%)股息率 (%)市盈率（倍）市净率（倍）2026E2027E2026E2027E2026E2027E2026E2026E2027E2026E33.115.831.580.425.732.53.877.68.76.221.013.6n.a18.3n.a21.118.28.1n.a32.813.819.2n.a24.122.315.54.75.33.23.824.691.62.33.52.20.20.43.26.83.2n.a4.14.11.10.55.13.02.44.14.73.03.511.879.42.73.41.90.20.42.67.83.0n.a5.93.71.0n.a4.32.62.215.11.115.21.613.54.614.23.14.29.06.14.311.14.312.42.83.97.95.32.114.812.43.00.13.75.013.96.114.33.08.01.30.72.70.13.54.77.65.514.12.66.91.2n.a18.015.84.76.09.83.64.35.85.33.11.71.72.33.72.40.555.4%44.8%26.4%25.7%15.4%15.9%5.1%7.4%13.8%14.2%28.3%36.3%23.62.4%6.2%0.01.31.00.64.610.1%70.5%1.8%4.4%22.6%21.9%3.6%3.7%12.0%11.7%12.620.4%16.3%n.a1.8n.a0.41.10.7n.a2.01.44.6n.a0.8-24.3%-15.8%15.7%16.4%-83.5%n.a25.5%60.2%18.9%20.1%12.1%12.8%10.1%n.a13.0%13.0%19.5%12.1%18.7%11.2%-22.3%-13.7%8.0%11.4%1,6953,64112,5401,0132,05233,0185,3351546,3211,0681,54536,59438,92417,3461,1901,1699.67.021.513.7n.a20.4n.a23.521.99.24.639.415.320.0n.a35.80.7%2.8%0.4%0.0%0.5%0.0%0.0%1.1%0.0%4.9%4.4%2.0%0.0%0.0%3.0%0.0%6.3%1.9%0.0%6.5%0.0%2.0%0.0%0.0%1.5%1.3%招商证券(香港)能源矿产
