20170814-三星证券-Samsung_Healthcare_Weekly_16页_1mb

报告摘要

Sector Update Summary

Core Content

This document provides a detailed overview of the performance and valuation metrics for various healthcare and related sectors across different regions, including Korea, the US, Europe, Japan, and China. It also includes insights into the Korean healthcare sector, focusing on pharmaceuticals, biotech, medical devices, and other sub-sectors.

Main Points

1. Global Healthcare Indices

Korea:
- KRX Health Care: Forward P/E = 34.7, Market Cap Portion = 5.2%, 1-week performance = (0.6)%, 1-month = (5.7)%, 3-month = (0.1)%, YTD = 3.8%.
- Kospi Medical Supplies: Forward P/E = 45.3, Market Cap Portion = 2.5%, 1-week = (2.4)%, 1-month = (6.0)%, 3-month = 8.8%, YTD = 22.7%.
- Kosdaq Pharmaceuticals: Forward P/E = 26.3, Market Cap Portion = 2.2%, 1-week = 0.1%, 1-month = (6.6)%, 3-month = (0.9)%, YTD = (1.0)%.
- Kosdaq Medical and Precision Machines: Forward P/E = 14.1, Market Cap Portion = 0.4%, 1-week = (0.7)%, 1-month = (0.7)%, 3-month = (7.6)%, YTD = (9.0)%.
US:
- S&P 500 Healthcare: Forward P/E = 16.9, Market Cap Portion = 8.6%, 1-week = (1.2)%, 1-month = (1.9)%, 3-month = 4.5%, YTD = 13.9%.
- S&P 500 Pharma/Biotech: Forward P/E = 16.1, Market Cap Portion = 5.2%, 1-week = (1.2)%, 1-month = (1.1)%, 3-month = 4.8%, YTD = 11.4%.
- Nasdaq Biotechnology: Forward P/E = 44.7, Market Cap Portion = 2.5%, 1-week = (2.9)%, 1-month = (3.1)%, 3-month = 4.8%, YTD = 15.8%.
- S&P 500 Healthcare Equipment and Services: Forward P/E = 18.3, Market Cap Portion = 3.4%, 1-week = (1.1)%, 1-month = (3.1)%, 3-month = 4.0%, YTD = 18.1%.
Europe:
- MSCI Europe Healthcare: Forward P/E = 16.1, Market Cap Portion = 11.0%, 1-week = (1.7)%, 1-month = (6.1)%, 3-month = (11.2)%, YTD = (0.2)%.
- MSCI Europe Pharm/Bio: Forward P/E = 15.6, Market Cap Portion = 9.4%, 1-week = (1.7)%, 1-month = (5.9)%, 3-month = (11.3)%, YTD = (0.1)%.
- MSCI Europe Healthcare Equipment and Services: Forward P/E = 21.7, Market Cap Portion = 1.6%, 1-week = (1.6)%, 1-month = (7.8)%, 3-month = (10.5)%, YTD = (0.9)%.
Japan:
- MSCI Japan Healthcare: Forward P/E = 24.4, Market Cap Portion = 7.0%, 1-week = (1.4)%, 1-month = (0.9)%, 3-month = (1.3)%, YTD = 1.9%.
- MSCI Japan Pharm/Bio: Forward P/E = 24.0, Market Cap Portion = 5.0%, 1-week = (1.2)%, 1-month = (1.2)%, 3-month = (2.2)%, YTD = 0.4%.
- Topix Pharma: Forward P/E = 23.9, Market Cap Portion = 4.6%, 1-week = (1.5)%, 1-month = (1.2)%, 3-month = (1.6)%, YTD = 1.4%.
- MSCI Japan Healthcare Equipment and Services: Forward P/E = 25.4, Market Cap Portion = 2.0%, 1-week = (0.6)%, 1-month = (0.1)%, 3-month = 0.8%, YTD = 5.4%.
China:
- MSCI China Healthcare: Forward P/E = 18.4, Market Cap Portion = 1.6%, 1-week = (1.1)%, 1-month = (3.4)%, 3-month = (1.0)%, YTD = 16.9%.
India:
- MSCI India Healthcare: Forward P/E = 21.2, Market Cap Portion = 5.5%, 1-week = (7.9)%, 1-month = (14.4)%, 3-month = (16.3)%, YTD = (16.8)%.

2. Korean Healthcare Sector Overview

Pharmaceutical Holdings:
- Hanmi Science: Market Cap = 4,914 KRWb, Share Price = 78,900 KRW, P/E = 449.3 (2016), P/B = 5.4 (2016), 1-week = 2.5%, 1-month = (9.6)%, 3-month = 13.2%, YTD = 37.8%.
- Green Cross Holdings: Market Cap = 1,501 KRWb, Share Price = 31,500 KRW, P/E = 25.0 (2016), P/B = 1.4 (2016), 1-week = (0.9)%, 1-month = (6.1)%, 3-month = 32.4%, YTD = 23.0%.
- Daewoong: Market Cap = 887 KRWb, Share Price = 15,250 KRW, P/E = 25.8 (2016), P/B = 0.8 (2016), 1-week = (1.9)%, 1-month = 23.0%, 3-month = 18.2%, YTD = 72.6%.
- Donga Socio Holdings: Market Cap = 764 KRWb, Share Price = 124,500 KRW, P/E = 5.5 (2016), P/B = 1.1 (2016), 1-week = (2.0)%, 1-month = (1.6)%, 3-month = (17.3)%, YTD = 20.5%.
- JW Holdings: Market Cap = 555 KRWb, Share Price = 8,950 KRW, P/E = n/a (2016), P/B = 4.6 (2016), 1-week = 0.6%, 1-month = (0.9)%, 3-month = 6.7%, YTD = 37.8%.
- Chongkundang Holdings: Market Cap = 332 KRWb, Share Price = 66,300 KRW, P/E = 11.1 (2016), P/B = 0.9 (2016), 1-week = (7.9)%, 1-month = (4.5)%, 3-month = (3.8)%, YTD = 37.8%.
Pharmaceuticals:
- Hanmi Pharm: Market Cap = 3,840 KRWb, Share Price = 344,000 KRW, P/E = 136.7 (2016), P/B = 4.8 (2016), 1-week = (0.2)%, 1-month = (8.0)%, 3-month = (9.6)%, YTD = 20.4%.
- Yuhan: Market Cap = 2,647 KRWb, Share Price = 223,500 KRW, P/E = 14.7 (2016), P/B = 1.4 (2016), 1-week = (0.9)%, 1-month = (9.2)%, 3-month = (8.2)%, YTD = 12.0%.
- Green Cross: Market Cap = 2,115 KRWb, Share Price = 181,000 KRW, P/E = 29.1 (2016), P/B = 1.8 (2016), 1-week = 5.2%, 1-month = (2.8)%, 3-month = (2.8)%, YTD = 15.3%.
- Young Jin Pharm: Market Cap = 1,807 KRWb, Share Price = 9,880 KRW, P/E = 372.8 (2016), P/B = 14.8 (2016), 1-week = (1.9)%, 1-month = (8.5)%, 3-month = (9.6)%, YTD = 12.0%.
- SK Chemicals: Market Cap = 1,548 KRWb, Share Price = 65,700 KRW, P/E = 22.0 (2016), P/B = 0.9 (2016), 1-week = (4.1)%, 1-month = (6.1)%, 3-month = (3.3)%, YTD = (1.9)%.
- Daewoong Pharm: Market Cap = 1,116 KRWb, Share Price = 96,300 KRW, P/E = 29.5 (2016), P/B = 1.4 (2016), 1-week = (0.1)%, 1-month = (11.8)%, 3-month = (13.6)%, YTD = 40.2%.
- Chong Kun Dang: Market Cap = 1,021 KRWb, Share Price = 108,500 KRW, P/E = 24.0 (2016), P/B = 2.8 (2016), 1-week = (0.9)%, 1-month = (11.8)%, 3-month = (13.6)%, YTD = 3.8%.
- Bukwang Pharm: Market Cap = 916 KRWb, Share Price = 20,550 KRW, P/E = 74.4 (2016), P/B = 5.3 (2016), 1-week = (1.9)%, 1-month = (2.4)%, 3-month = (7.0)%, YTD = (22.2)%.
- JW Pharmaceutical: Market Cap = 858 KRWb, Share Price = 44,500 KRW, P/E = n/a (2016), P/B = 4.0 (2016), 1-week = (1.8)%, 1-month = (1.8)%, 3-month = (5.4)%, YTD = (15.6)%.
- Donga ST: Market Cap = 692 KRWb, Share Price = 81,900 KRW, P/E = 83.3 (2016), P/B = 2.1 (2016), 1-week = (0.2)%, 1-month = (4.1)%, 3-month = (17.7)%, YTD = (22.4)%.
- Samjin Pharm: Market Cap = 450 KRWb, Share Price = 32,400 KRW, P/E = 16.0 (2016), P/B = 2.6 (2016), 1-week = (2.7)%, 1-month = (6.2)%, 3-month = (6.8)%, YTD = (22.2)%.
- Kwang Dong Pharm: Market Cap = 438 KRWb, Share Price = 8,360 KRW, P/E = 15.9 (2016), P/B = 0.9 (2016), 1-week = (0.5)%, 1-month = (7.5)%, 3-month = (1.9)%, YTD = (1.9)%.
- Boryung Pharm: Market Cap = 366 KRWb, Share Price = 41,400 KRW, P/E = 97.6 (2016), P/B = 2.7 (2016), 1-week = (15.3)%, 1-month = (19.6)%, 3-month = (33.2)%, YTD = (13.3)%.
- Whan In Pharm: Market Cap = 354 KRWb, Share Price = 19,050 KRW, P/E = 18.0 (2016), P/B = 1.1 (2016), 1-week = (5.5)%, 1-month = (10.8)%, 3-month = (20.2)%, YTD = (22.2)%.
- Daewon Pharmaceutical: Market Cap = 344 KRWb, Share Price = 18,900 KRW, P/E = 17.1 (2016), P/B = 2.1 (2016), 1-week = (0.8)%, 1-month = (17.8)%, 3-month = (0.7)%, YTD = (22.2)%.
- Korea United Pharm: Market Cap = 327 KRWb, Share Price = 20,200 KRW, P/E = 15.4 (2016), P/B = 1.5 (2016), 1-week = 6.0%, 1-month = (4.1)%, 3-month = (1.0)%, YTD = (9.2)%.
- Huons: Market Cap = 276 KRWb, Share Price = 30,950 KRW, P/E = 25.6 (2016), P/B = 2.7 (2016), 1-week = (6.1)%, 1-month = (11.3)%, 3-month = (20.1)%, YTD = (22.2)%.
- Handok: Market Cap = 287 KRWb, Share Price = 22,750 KRW, P/E = n/a (2016), P/B = 7.2 (2016), 1-week = (1.2)%, 1-month = (11.3)%, 3-month = (5.4)%, YTD = (13.3)%.
- Kolon Life Science: Market Cap = 874 KRWb, Share Price = 114,900 KRW, P/E = 67.5 (2016), P/B = 3.4 (2016), 1-week = (5.0)%, 1-month = (34.3)%, 3-month = (20.9)%, YTD = (2.1)%.
- ST Pharm: Market Cap = 686 KRWb, Share Price = 36,750 KRW, P/E = 12.0 (2016), P/B = 2.7 (2016), 1-week = (6.4)%, 1-month = (22.8)%, 3-month = (18.1)%, YTD = (18.1)%.
- Kyongbo Pharmaceutical: Market Cap = 288 KRWb, Share Price = 12,050 KRW, P/E = 26.3 (2016), P/B = 2.6 (2016), 1-week = (4.7)%, 1-month = (5.1)%, 3-month = (12.0)%, YTD = (13.6)%.
- Estech Pharma: Market Cap = 115 KRWb, Share Price = 9,770 KRW, P/E = 29.2 (2016), P/B = 1.6 (2016), 1-week = (1.6)%, 1-month = (9.1)%, 3-month = (13.9)%, YTD = (8.3)%.
- Daebong LS: Market Cap = 107 KRWb, Share Price = 9,630 KRW, P/E = 15.7 (2016), P/B = 9.9 (2016), 1-week = (8.7)%, 1-month = (10.8)%, 3-month = (27.6)%, YTD = (18.7)%.
- CKD Bio: Market Cap = 103 KRWb, Share Price = 19,650 KRW, P/E = 13.1 (2016), P/B = 0.9 (2016), 1-week = (4.6)%, 1-month = (10.9)%, 3-month = (14.6)%, YTD = (16.6)%.
- Hwail Pharm: Market Cap = 92 KRWb, Share Price = 6,350 KRW, P/E = 18.3 (2016), P/B = 1.1 (2016), 1-week = (1.9)%, 1-month = (9.4)%, 3-month = (13.6)%, YTD = (21.7)%.
- Whan In Pharm: Market Cap = 354 KRWb, Share Price = 19,050 KRW, P/E = 18.0 (2016), P/B = 1.2 (2016), 1-week = (5.5)%, 1-month = (10.8)%, 3-month = (20.2)%, YTD = (22.2)%.
- Daewon Pharmaceutical: Market Cap = 344 KRWb, Share Price = 18,900 KRW, P/E = 17.1 (2016), P/B = 2.1 (2016), 1-week = (0.8)%, 1-month = (17.8)%, 3-month = (0.7)%, YTD = (22.2)%.
- Korea United Pharm: Market Cap = 327 KRWb, Share Price = 20,200 KRW, P/E = 15.4 (2016), P/B = 1.5 (2016), 1-week = 6.0%, 1-month = (4.1)%, 3-month = (1.0)%, YTD = (9.2)%.
- Huons: Market Cap = 276 KRWb, Share Price = 30,950 KRW, P/E = 25.6 (2016), P/B = 2.7 (2016), 1-week = (6.1)%, 1-month = (11.3)%, 3-month = (20.1)%, YTD = (22.2)%.
- Handok: Market Cap = 287 KRWb, Share Price = 22,750 KRW, P/E = n/a (2016), P/B = 7.2 (2016), 1-week = (1.2)%, 1-month = (11.3)%, 3-month = (5.4)%, YTD = (13.3)%.
- Kolon Life Science: Market Cap = 874 KRWb, Share Price = 114,900 KRW, P/E = 67.5 (2016), P/B = 3.4 (2016), 1-week = (5.0)%, 1-month = (34.3)%, 3-month = (20.9)%, YTD = (2.1)%.
- ST Pharm: Market Cap = 686 KRWb, Share Price = 36,750 KRW, P/E = 12.0 (2016), P/B = 2.7 (2016), 1-week = (6.4)%, 1-month = (22.8)%, 3-month = (18.1)%, YTD = (18.1)%.
- Kyongbo Pharmaceutical: Market Cap = 288 KRWb, Share Price = 12,050 KRW, P/E = 26.3 (2016), P/B = 2.6 (2016), 1-week = (4.7)%, 1-month = (5.1)%, 3-month = (12.0)%, YTD = (13.6)%.
- Estech Pharma: Market Cap = 115 KRWb, Share Price = 9,770 KRW, P/E = 29.2 (2016), P/B = 1.6 (2016), 1-week = (1.6)%, 1-month = (9.1)%, 3-month = (13.9)%, YTD = (8.3)%.
- Daebong LS: Market Cap = 107 KRWb, Share Price = 9,630 KRW, P/E = 15.7 (2016), P/B = 9.9 (2016), 1-week = (8.7)%, 1-month = (10.8)%, 3-month = (27.6)%, YTD = (18.7)%.
- CKD Bio: Market Cap = 103 KRWb, Share Price = 19,650 KRW, P/E = 13.1 (2016), P/B = 0.9 (2016), 1-week = (4.6)%, 1-month = (10.9)%, 3-month = (14.6)%, YTD = (16.6)%.
- Hwail Pharm: Market Cap = 92 KRWb, Share Price = 6,350 KRW, P/E = 18.3 (2016), P/B = 1.1 (2016), 1-week = (1.9)%, 1-month = (9.4)%, 3-month = (13.6)%, YTD = (21.7)%.
- Daewon Pharmaceutical: Market Cap = 344 KRWb, Share Price = 18,900 KRW, P/E = 17.1 (2016), P/B = 2.1 (2016), 1-week = (0.8)%, 1-month = (17.8)%, 3-month = (0.7)%, YTD = (22.2)%.
- Korea United Pharm: Market Cap = 327 KRWb, Share Price = 20,200 KRW, P/E = 15.4 (2016), P/B = 1.5 (2016), 1-week = 6.0%, 1-month = (4.1)%, 3-month = (1.0)%, YTD = (9.2)%.
- Huons: Market Cap = 276 KRWb, Share Price = 30,950 KRW, P/E = 25.6 (2016), P/B = 2.7 (2016), 1-week = (6.1)%, 1-month = (11.3)%, 3-month = (20.1)%, YTD = (22.2)%.
- Handok: Market Cap = 287 KRWb, Share Price = 22,750 KRW, P/E = n/a (2016), P/B = 7.2 (2016), 1-week = (1.2)%, 1-month = (11.3)%, 3-month = (5.4)%, YTD = (13.3)%.
- Kolon Life Science: Market Cap = 874 KRWb, Share Price = 114,900 KRW, P/E = 67.5 (2016), P/B = 3.4 (2016), 1-week = (5.0)%, 1-month = (34.3)%, 3-month = (20.9)%, YTD = (2.1)%.
- ST Pharm: Market Cap = 686 KRWb, Share Price = 36,750 KRW, P/E = 12.0 (2016), P/B = 2.7 (2016), 1-week = (6.4)%, 1-month = (22.8)%, 3-month = (18.1)%, YTD = (18.1)%.
- Kyongbo Pharmaceutical: Market Cap = 288 KRWb, Share Price = 12,050 KRW, P/E = 26.3 (2016), P/B = 2.6 (2016), 1-week = (4.7)%, 1-month = (5.1)%, 3-month = (12.0)%, YTD = (13.6)%.
- Estech Pharma: Market Cap = 115 KRWb, Share Price = 9,770 KRW, P/E = 29.2 (2016), P/B = 1.6 (2016), 1-week = (1.6)%, 1-month = (9.1)%, 3-month = (13.9)%, YTD = (8.3)%.
- Daebong LS: Market Cap = 107 KRWb, Share Price = 9,630 KRW, P/E = 15.7 (2016), P/B = 9.9 (2016), 1-week = (8.7)%, 1-month = (10.8)%, 3-month = (27.6)%, YTD = (18.7)%.
- CKD Bio: Market Cap = 103 KRWb, Share Price = 19,650 KRW, P/E = 13.1 (2016), P/B = 0.9 (2016), 1-week = (4.6)%, 1-month = (10.9)%, 3-month = (14.6)%, YTD = (16.6)%.
- Hwail Pharm: Market Cap = 92 KRWb, Share Price = 6,350 KRW, P/E = 18.3 (2016), P/B = 1.1 (2016), 1-week = (1.9)%, 1-month = (9.4)%, 3-month = (13.6)%, YTD = (21.7)%.
- Daewon Pharmaceutical: Market Cap = 344 KRWb, Share Price = 18,900 KRW, P/E = 17.1 (2016), P/B = 2.1 (2016), 1-week = (0.8)%, 1-month = (17.8)%, 3-month = (0.7)%, YTD = (22.2)%.
- Korea United Pharm: Market Cap = 327 KRWb, Share Price = 20,200 KRW, P/E = 15.4 (2016), P/B = 1.5 (2016), 1-week = 6.0%, 1-month = (4.1)%, 3-month = (1.0)%, YTD = (9.2)%.
- Huons: Market Cap = 276 KRWb, Share Price = 30,950 KRW, P/E = 25.6 (2016), P/B = 2.7 (2016), 1-week = (6.1)%, 1-month = (11.3)%, 3-month = (20.1)%, YTD = (22.2)%.
- Handok: Market Cap = 287 KRWb, Share Price = 22,750 KRW, P/E = n/a (2016), P/B = 7.2 (2016), 1-week = (1.2)%, 1-month = (11.3)%, 3-month = (5.4)%, YTD = (13.3)%.
- Kolon Life Science: Market Cap = 874 KRWb, Share Price = 114,900 KRW, P/E = 67.5 (2016), P/B = 3.4 (2016), 1-week = (5.0)%, 1-month = (34.3)%, 3-month = (20.9)%, YTD = (2.1)%.
- ST Pharm: Market Cap = 686 KRWb, Share Price = 36,750 KRW, P/E = 12.0 (2016), P/B = 2.7 (2016), 1-week = (6.4)%, 1-month = (22.8)%, 3-month = (18.1)%, YTD = (18.1)%.
- Kyongbo Pharmaceutical: Market Cap = 288 KRWb, Share Price = 12,050 KRW, P/E = 26.3 (2016), P/B = 2.6 (2016), 1-week = (4.7)%, 1-month = (5.1)%, 3-month = (12.0)%, YTD = (13.6)%.
- Estech Pharma: Market Cap = 115 KRWb, Share Price = 9,770 KRW, P/E = 29.2 (2016), P/B = 1.6 (2016), 1-week = (1.6)%, 1-month = (9.1)%, 3-month = (13.9)%, YTD = (8.3)%.
- Daebong LS: Market Cap = 107 KRWb, Share Price = 9,630 KRW, P/E = 15.7 (2016), P/B = 9.9 (2016), 1-week = (8.7)%, 1-month = (10.8)%, 3-month = (27.6)%, YTD = (18.7)%.
- CKD Bio: Market Cap = 103 KRWb, Share Price = 19,650 KRW, P/E = 13.1 (2016), P/B = 0.9 (2016), 1-week = (4.6)%, 1-month = (10.9)%, 3-month = (14.6)%, YTD = (16.6)%.
- Hwail Pharm: Market Cap = 92 KRWb, Share Price = 6,350 KRW, P/E = 18.3 (2016), P/B = 1.1 (2016), 1-week = (1.9)%, 1-month = (9.4)%, 3-month = (13.6)%, YTD = (21.7)%.
- Daewon Pharmaceutical: Market Cap = 344 KRWb, Share Price = 18,900 KRW, P/E = 17.1 (2016), P/B = 2.1 (2016), 1-week = (0.8)%, 1-month = (17.8)%, 3-month = (0.7)%, YTD = (22.2)%.
- Korea United Pharm: Market Cap = 327 KRWb, Share Price = 20,200 KRW, P/E = 15.4 (2016), P/B = 1.5 (2016), 1-week = 6.0%, 1-month = (4.1)%, 3-month = (1.0)%, YTD = (9.2)%.
- Huons: Market Cap = 276 KRWb, Share Price = 30,950 KRW, P/E = 25.6 (2016), P/B = 2.7 (2016), 1-week = (6.1)%, 1-month = (11.3)%, 3-month = (20.1)%, YTD = (22.2)%.
- Handok: Market Cap = 287 KRWb, Share Price = 22,750 KRW, P/E = n/a (2016), P/B = 7.2 (2016), 1-week = (1.2)%, 1-month = (11.3)%, 3-month = (5.4)%, YTD = (13.3)%.
- Kolon Life Science: Market Cap = 874 KRWb, Share Price = 114,900 KRW, P/E = 67.5 (2016), P/B =