Stock market this year has started, and pharmaceuticals which plateswould be stronger this year? this is a topic of concern in the market,UBS, coincides with the 15th China seminar held in Shanghai this week,Credit Suisse Banking Analyst on several sectors of concern wereanalyzed, such as the pharmaceutical industry, we both listen to theiranalysis.
For 2015, the pharmaceutical investment, quarter sequence I think long-term growth drivers of the industry remains, earnings growth withouttoo much trouble, is expected not to excessive valuations haveimproved.
Quaternary sequence I think 2015 should focus on four themes of thepharmaceutical sector: one is in the domestic high-end medicalequipment. Because government guidance, orientation has become increasingly evident. Second is that innovative drugs. Part of theinnovative drug companies could be on the market by 2015, will attractinvestor attention in the pharmaceutical research and development andinnovative ability. Third, policies, opportunities for technologicalbreakthroughs. Technology opportunities, including personalizedmedicine, immuno-cell therapy, gene sequencing, and so on. This is theopportunities offered by technology and policy opportunities offeredby, gene sequencing are now faced with a policy of control, includingeasing of stem cell therapy, including medical electrical contractorreleased. Part IV is this topic might be extended to state-owned enterprises in the pharmaceutical industry.