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<Research>JPM Sees Profit-Taking Actions in CN Pharma Sector as Entry Opportunity
Regarding yesterday's (23rd) hefty sell-off among Chinese biotech and pharmaceutical stocks, JPMorgan said in its report that it seemed to have been sparked by profit-taking de...
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<Research>JPM Sees Profit-Taking Actions in CN Pharma Sector as Entry Opportunity
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Regarding yesterday's (23rd) hefty sell-off among Chinese biotech and pharmaceutical stocks, JPMorgan said in its report that it seemed to have been sparked by profit-taking decisions as a result of position adjustments rather than any fundamental deterioration.

JPMorgan considered this pullback as a good entry opportunity to build positions in China's healthcare sector ahead of the next wave of catalyst-driven upside. The broker preferred the biotech and CXO (clinical trial service providers) sub-sectors, with INNOVENT BIO (01801.HK)  -1.600 (-1.938%)    Short selling $247.89M; Ratio 28.194%   , SKB BIO (06990.HK)  +20.600 (+4.541%)    Short selling $111.06M; Ratio 18.469%   , WUXI APPTEC (02359.HK)  -1.000 (-0.763%)    Short selling $91.84M; Ratio 23.617%   , and WUXI XDC (02268.HK)  +1.550 (+2.780%)    Short selling $104.70M; Ratio 44.254%   as its top picks.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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