US STOCKS
FUNDS
FX & CRYPTO
SH/SZ-HK
HK STOCKS
 
 
 
 
 
 
News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
阿里健康(00241.HK)及京東健康(06618.HK)跌3%-5% 里昂指GLP-1網售限制消息影響有限 野村:市場反應過度
京東健康(06618.HK)今日平開,最低見42.5元。現報42.72元,跌5.4%,成交471.71萬股,涉資2.04億元。阿里健康(00241.HK)今日高開0.24%,最高見4.25元。現報4.1元,跌3.3%,成交7,996.84萬股,涉資3.3億元。里昂發表研究報告指,上周五(15日)有媒體報道稱,上海要求線下藥店只接受醫院三天內發出的紙本處方購買...
Reset
Send
The window will close in 5 seconds
阿里健康(00241.HK)及京東健康(06618.HK)跌3%-5% 里昂指GLP-1網售限制消息影響有限 野村:市場反應過度
Recommend
10
Positive
12
Negative
6
 
 

京東健康(06618.HK)  -2.080 (-4.606%)    Short selling $157.76M; Ratio 25.847%   今日平開,最低見42.5元。現報42.72元,跌5.4%,成交471.71萬股,涉資2.04億元。

阿里健康(00241.HK)  -0.140 (-3.302%)    Short selling $331.78M; Ratio 44.422%   今日高開0.24%,最高見4.25元。現報4.1元,跌3.3%,成交7,996.84萬股,涉資3.3億元。

里昂發表研究報告指,上周五(15日)有媒體報道稱,上海要求線下藥店只接受醫院三天內發出的紙本處方購買GLP-1藥物,引發市場對相關藥物網上銷售可能受限的擔憂,導致京東健康(06618.HK)  -2.080 (-4.606%)    Short selling $157.76M; Ratio 25.847%   及阿里健康(00241.HK)  -0.140 (-3.302%)    Short selling $331.78M; Ratio 44.422%   股價下跌。然而,現行法規允許網上銷售糖尿病藥物,而所有GLP-1藥物均屬此類。

該行表示,目前GLP-1藥物的網上銷售未受影響,從網上醫院取得處方及購買藥物仍順暢。京東健康及阿里健康均表示,至今未觀察到任何變化,亦未收到監管機構指示。里昂認為,即使相關限制擴至全國,影響仍屬可控,因GLP-1藥物在線上平台的銷售佔比較低。

在最理想情況下,所有GLP-1藥物的廣告及推廣或需由「減重」轉向「糖尿病治療」,對網上銷售整體影響可能極小。更嚴峻情況下,若網上處方簽發受到更嚴格限制,影響可能較大,但仍可控。目前GLP-1藥物對京東健康自營業務銷售額的貢獻僅為低個位數百分比,阿里健康的相關銷售佔比可能較高,但仍在單位數百分比之內。

***********************************************************************

野村發表研究報告指,近日市場對GLP-1類藥物銷售監管收緊的憂慮屬反應過度。報告解釋,上海自5月15日起收緊GLP-1藥物銷售,要求於線下零售藥店購買時必須出示醫院紙質處方(有效期三天)。新措施與國家藥監局(NMPA)正式實施的《藥品管理法實施條例》更新版同步,引發市場關注GLP-1藥物在線銷售可能受限。

該行指出,更新後的藥品管理條例雖然加入網上售藥的額外條文,但主要是加強現有監管框架,並非引入新限制。重要的是,新條例中禁止網上銷售的藥品範圍與先前法規一致。根據國家藥監局2022年11月發布的《藥品網絡銷售禁止清單(第一版)》,注射類糖尿病藥物明確獲豁免網上銷售禁令。因此,用於糖尿病/高血糖伴隨超重適應症的GLP-1藥物,在持有合法處方的情況下仍可合法網上銷售。該行的行業調查亦確認,該類藥物的網上銷售目前未受影響。

野村估算,GLP-1藥物銷售僅佔京東健康產品銷售的低單位數百分比,即使更嚴格的執法可能促使網上平台作出營運調整,對京東健康的財務影響應屬可控。潛在的營運調整包括:停止直接以「減肥」目的推廣GLP-1藥物吸引消費者,以及加強電子處方審核流程。該行維持對京東健康的「買入」評級,目標價67港元。(ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)

AASTOCKS新聞

Preferred News
Related Stocks
0/0
 
SITEMAP
Email: support@aastocks.com
AASTOCKS.COM LIMITED (阿斯達克網絡信息有限公司) All rights reserved.
Disclaimer
You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security or any other trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the said information, commentaries and/or buy/sell ratings on this app/website are taken at your own risk for your own account.

As a convenience to users, the AASTOCKS.com Limited has added a translation feature developed by Azure OpenAI to assist users in understanding information on this platform in languages other than Chinese. The translated text may lose some of its intended meaning. Some items on the site, including images containing text, videos with captioning, PDF documents, or maps may not be translated, and some features may not work in the translated versions.

The AASTOCKS.com Limited does not guarantee the accuracy of translations, and the translated text should not be considered exact. The text translated is made available on an as is and as available basis without any warranties of any kind. The AASTOCKS.com Limited will not accept any liability for damages or losses of any kind caused by the use of the translation feature.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 9 February 2026.