INVEST SECURITIES - Hikma : De nouvelles incertitudes sur le générique en 2018 - NEUTRE, OC : 11,4£ vs 13,6£
Nous mettons à jour notre modèle après la publication des résultats annuels ce qui nous conduit à abaisser nos estimations de BNA de -6% en 2018 et -11% en 2019. Dans un environnement de marché aux US compliqué, le risque à notre thèse d'investissement à CT serait une réduction des coûts plus forte au niveau de la franchise Générique compensant ainsi un effet mix délétère. L'année 2018 devrait être une nouvelle année de transition. Nous maintenons notre recommandation à NEUTRE avec un OC ajusté à 11,4£ (vs 13,6£).Hikma Pharmaceuticals is a pharmaceutical company engaged in developing, manufacturing, and marketing a range of branded and non-branded generic pharmaceutical products across the U.S., the Middle East and North Africa, and Europe. Co.'s business segments are: Injectables, which sells specialized generic injectable products, including sterile liquid, powder, lyophilized and cytotoxic products; Generics, which sells non-injectable generic products that include amoxicillin, buprenorphine, butalbital, acetaminophen and caffeine, colchicine, and fluticasone; and Branded products, which sells branded generics and in-licensed products including Amoclan®, Blopress®, Omnicef®, Prograf® and Suprax®.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.