Goldman Sachs Keeps Buy Rating on Asymchem Laboratories

Asymchem Laboratories (Tianjin) Co., Ltd. Class H has maintained its position as a top pick for Goldman Sachs analysts, who continue to recommend buying shares in the company.

The bank's latest report, released on August 25, reaffirmed the firm's Buy rating on Asymchem Laboratories with a price target of HK$164.90 per share.

This recommendation comes after the company's latest earnings release for the quarter ending March 31, which showed a quarterly revenue of HK$1.8 billion and a net profit of HK$304.32 million.

When compared to last year's figures, Asymchem Laboratories reported an increase in revenue but a decrease in net profit, from HK$1.54 billion and HK$326.61 million respectively.