Title: CITIC Securities Research Report Shows Promising Growth for Synthetic Biology Sector
According to a research report released by CITIC Securities, the synthetic biology sector is expected to see significant revenue and profit growth in 2023 and the first quarter of 2024. The report indicates that the current industry valuation is comparatively lower than the average valuation over the past three years.
The report highlights that companies in the synthetic biology sector are gradually implementing new products and production capacities, which is anticipated to drive steady growth in future revenue and profits. Additionally, the sector’s valuation level is projected to recover further with the enactment of upcoming policies.
CITIC Securities believes that the core competitiveness of biomanufacturing companies lies in their product development and implementation capabilities. The report expresses optimism towards companies with successful cases, leading positions, high-quality product reserves, and growing downstream demand.
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