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Hutchison China Meditech

September 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We have been on tenterhooks for a while as we wait for HCM to announce that its lead drug candidate, HMPL-004 for ulcerative colitis, which has been developed by its R&D arm, has signed a long awaited co-development agreement and begun the Phase III trial. The drug has already seen strong Phase II data and with talks continuing with multiple partners to fund the US$50m trial, we think when it comes the shares will rise vertically. Meanwhile, this month's interims show overall revenue for the group up 25% to US$82.3m and the business doubled its operating profit to US$7.2m. Of the three operating divisions explosive growth continues to be generated by its traditional Chinese medicine division, which supplies prescri ...

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JD sports Fashion - Sells Canterbury sports brand for Â£22.7m

LPA Group - Shares double from tip 2 months ago

Hutchison China Meditech -NÃ©stle deal for HMPL-004 drug (January 2013)

Hutchison China Meditech - 2012 starts with a bang (April 2012)

Hutchison China Meditech (March 2012)

Hutchison China Meditech - Nets US$20m upfront collaboration payment from Astra Zeneca (January 2012)

Hutchison China Meditech - Broker says 600p sum of parts (September 2011)

Hutchison China Meditech - To distribute third party drugs (August 2011)

Hutchison China Meditech (April 2011)

Hutchison China Meditech - Pre-IPO funding ahead of NASDAQ float? (January 2011)

Hutchison China Meditech (October 2010)

Hutchison China Meditech - Out-licensing deal for lead product imminent (September 2010)

Hutchison China Meditech - Great secrecy shrouds R&D division (July 2010)

Hutchison China Meditech - 17 of 307 Chinese "essential medicines" (June 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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