Are Investors Undervaluing Duality Biotherapeutics, Inc. (HKG:9606) By 49%?
Dec 02
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Hong Kong (HSI) Biotech Industry Analysis
UpdatedDec 03, 2025
DataAggregated Company Financials
Companies58
- 7D0.2%
- 3M-10.6%
- 1Y105.0%
- YTD118.1%
The Biotech industry is up 2.7% in the last week, with Akeso up 3.1%. This means that the industry has gained 110% over the past year. Earnings are forecast to grow by 40% annually.
Industry Valuation and Performance
Has the Hong Kong Biotech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Dec 2025 | HK$1.0t | HK$69.3b | -HK$12,931,688,714.80 | 41x | -78.7x | 14.7x |
| Fri, 31 Oct 2025 | HK$960.3b | HK$68.5b | -HK$13,008,449,525.74 | 43.7x | -73.8x | 14x |
| Sun, 28 Sep 2025 | HK$1.1t | HK$68.3b | -HK$13,073,348,319.87 | 46.9x | -82.2x | 15.7x |
| Tue, 26 Aug 2025 | HK$1.1t | HK$62.9b | -HK$13,598,789,538.62 | 58.7x | -80.8x | 17.5x |
| Thu, 24 Jul 2025 | HK$891.3b | HK$63.8b | -HK$12,223,061,299.45 | 37.5x | -72.9x | 14x |
| Sat, 21 Jun 2025 | HK$704.3b | HK$62.2b | -HK$12,084,195,438.59 | 32.5x | -58.3x | 11.3x |
| Mon, 19 May 2025 | HK$562.3b | HK$61.6b | -HK$11,843,036,206.77 | 30x | -47.5x | 9.1x |
| Wed, 16 Apr 2025 | HK$542.8b | HK$60.1b | -HK$12,094,722,962.52 | 28.6x | -44.9x | 9x |
| Fri, 14 Mar 2025 | HK$445.2b | HK$52.6b | -HK$16,836,488,867.09 | 21.3x | -26.4x | 8.5x |
| Sun, 09 Feb 2025 | HK$377.0b | HK$52.0b | -HK$17,298,881,792.01 | 13.7x | -21.8x | 7.2x |
| Tue, 07 Jan 2025 | HK$367.7b | HK$51.7b | -HK$17,179,422,330.91 | 11.8x | -21.4x | 7.1x |
| Thu, 05 Dec 2024 | HK$399.2b | HK$52.1b | -HK$17,333,018,180.47 | 11.1x | -23x | 7.7x |
| Sat, 02 Nov 2024 | HK$390.8b | HK$52.9b | -HK$17,787,896,875.13 | 11.3x | -22x | 7.4x |
| Mon, 30 Sep 2024 | HK$384.6b | HK$53.0b | -HK$18,425,316,174.16 | 11.9x | -20.9x | 7.3x |
| Wed, 28 Aug 2024 | HK$337.3b | HK$53.7b | -HK$18,758,882,140.47 | 11.2x | -18x | 6.3x |
| Fri, 26 Jul 2024 | HK$312.5b | HK$49.8b | -HK$19,533,248,939.31 | 11.8x | -16x | 6.3x |
| Sun, 23 Jun 2024 | HK$332.5b | HK$49.7b | -HK$19,449,051,702.56 | 11.4x | -17.1x | 6.7x |
| Tue, 21 May 2024 | HK$371.0b | HK$49.8b | -HK$19,367,659,887.46 | 12.2x | -19.2x | 7.5x |
| Thu, 18 Apr 2024 | HK$324.1b | HK$49.6b | -HK$19,910,867,416.24 | 10.7x | -16.3x | 6.5x |
| Sat, 16 Mar 2024 | HK$366.5b | HK$47.2b | -HK$20,336,879,317.71 | 17.6x | -18x | 7.8x |
| Mon, 12 Feb 2024 | HK$321.6b | HK$47.0b | -HK$20,274,962,687.09 | 15.5x | -15.9x | 6.8x |
| Wed, 10 Jan 2024 | HK$378.5b | HK$47.1b | -HK$20,324,950,537.00 | 17.6x | -18.6x | 8x |
| Fri, 08 Dec 2023 | HK$403.9b | HK$47.0b | -HK$20,301,292,526.00 | 17.5x | -19.9x | 8.6x |
| Sun, 05 Nov 2023 | HK$413.3b | HK$45.2b | -HK$18,919,413,159.00 | 12.9x | -21.8x | 9.2x |
| Tue, 03 Oct 2023 | HK$400.6b | HK$45.0b | -HK$19,140,443,270.00 | 13.9x | -20.9x | 8.9x |
| Thu, 31 Aug 2023 | HK$392.2b | HK$43.4b | -HK$16,560,885,846.00 | 15.1x | -23.7x | 9x |
| Sat, 29 Jul 2023 | HK$427.6b | HK$35.5b | -HK$23,368,379,129.00 | 28x | -18.3x | 12x |
| Mon, 26 Jun 2023 | HK$386.4b | HK$35.6b | -HK$23,401,635,975.00 | 24.1x | -16.5x | 10.9x |
| Wed, 24 May 2023 | HK$436.6b | HK$36.1b | -HK$23,815,835,639.00 | 30.1x | -18.3x | 12.1x |
| Fri, 21 Apr 2023 | HK$443.5b | HK$37.0b | -HK$24,172,668,230.00 | 18.6x | -18.3x | 12x |
| Sun, 19 Mar 2023 | HK$405.8b | HK$32.4b | -HK$35,522,328,250.00 | 22.9x | -11.4x | 12.5x |
| Tue, 14 Feb 2023 | HK$445.5b | HK$34.8b | -HK$35,139,835,760.00 | 31.5x | -12.7x | 12.8x |
| Thu, 12 Jan 2023 | HK$441.8b | HK$34.9b | -HK$35,233,612,905.00 | 29.6x | -12.5x | 12.7x |
| Sat, 10 Dec 2022 | HK$392.8b | HK$33.6b | -HK$33,903,437,875.00 | 24.6x | -11.6x | 11.7x |
Price to Earnings Ratio
-11.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Biotechs industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 9.9x is lower than the industry's current PS ratio of 14.9x.
Past Earnings Growth
- The earnings for companies in the Biotechs industry have improved over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Healthcare industry?
| HK Market | 0.65% | |
| Healthcare | 0.33% | |
| Biotech | 0.21% | |
| Biotech | 0.21% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9926 Akeso | HK$119.60 | 3.1% +HK$3.3b | 69.2% | PS39.8x | |
| 9995 RemeGen | HK$85.70 | 5.5% +HK$2.5b | 351.1% | PS19.4x | |
| 2592 Cloudbreak Pharma | HK$8.75 | 51.4% +HK$2.5b | n/a | PS92x | |
| 9606 Duality Biotherapeutics | HK$339.80 | 4.2% +HK$1.2b | n/a | PS12.6x | |
| 2696 Shanghai Henlius Biotech | HK$68.50 | 2.2% +HK$815.2m | 217.1% | PE41x |
