SEHK:1530Biotechs
3SBio (SEHK:1530): Reassessing Valuation After Share Placement and Hair-Loss Business Spin-Off
3SBio (SEHK:1530) has just raised about HK$3.1 billion through a follow on share offering, while spinning off its hair loss business. This double move sharpens its focus on next generation drugs.
See our latest analysis for 3SBio.
Despite a choppy few weeks, with a 30 day share price return of minus 19.08 percent and some volatility around the placement news, 3SBio still boasts a powerful long term total shareholder return profile. This suggests momentum has cooled in the near term, but the...