醫(yī)療保健行業(yè)推進(jìn)藥店分級分類管理，加速行業(yè)整合及轉(zhuǎn)型升級

1、請仔行情回顧與本周策略本周行情回顧A股醫(yī)藥過去一周A股醫(yī)藥股板塊指數(shù)下跌2.61%，上證綜指下跌3.72%，深證成指下跌5.41%，創(chuàng)業(yè)板指下跌6.74%。A股醫(yī)藥板塊漲幅前三分別是國發(fā)股份（21.69%）、宜華健康（16.44%）、亞太藥業(yè)（16.12%），跌幅前三分別是錢江生化（17.38%）、同和藥業(yè)（16.26%）、星普醫(yī)科（13.43%）。港股醫(yī)藥過去一周漲幅前三為中生北控生物科技（22.56%）、香港醫(yī)思醫(yī)療集團(tuán)（17.43

2、%）、亮晴控股（13.64%），跌幅前三為佳兆業(yè)健康（27.92%）、微創(chuàng)醫(yī)療（16.58%）、華誼騰訊娛樂（12.62%）。美國中概股醫(yī)藥過去一周漲幅前三為萬春藥業(yè)（12.49%）、和黃中國醫(yī)藥（6.93%）、愛康國賓（5.14%），跌幅前三為再鼎醫(yī)藥（4.45%）、科興生物（2.57%）、惠普森醫(yī)藥（1.66%）。圖表1:醫(yī)藥板塊及A股股價表現(xiàn)，相對估值溢價250%350%200%150%300%250%200%100%150%50

3、%100%50%0%0%相對估值溢價（右軸）滬深300（左軸）申萬醫(yī)藥指數(shù)（左軸）資料來源：萬得資訊，中金公司研究部201412312015228201543020156302015831201510312015123120162292016430201663020168312016103120161231201722820174302017630201783120171031201712312018228201843020186302

4、01883120181031請仔圖表3:A股醫(yī)藥公司最近一周重點(diǎn)數(shù)據(jù)證券代碼證券簡稱周收盤價(人民幣)周漲跌幅(%)周換手率(%)總市值(人民幣百萬)流通A股占總股本比例(%)周成交額(人民幣百萬)周成交量(千股)000423.SZ東阿阿膠44.004.102.232877799.9865614592000513.SZ麗珠集團(tuán)32.850.676.142362163.6593428081000538.SZ云南白藥75.036.832.4

5、978136100.00191025882000661.SZ長春高新191.002.146.793249199.91214211534000963.SZ華東醫(yī)藥33.393.724.164868889.30187454182000999.SZ華潤三九24.152.901.082364099.9525910536002007.SZ華蘭生物38.534.8411.153583686.29341889498002022.SZ科華生物10.19

6、6.943.92525095.9420619358002038.SZ雙鷺?biāo)帢I(yè)29.503.664.672020582.7879626465002044.SZ美年健康15.807.112.414932175.1192656069002223.SZ魚躍醫(yī)療17.924.222.551796485.3040121823002262.SZ恩華藥業(yè)11.546.3310.671177186.71114094409002422.SZ科倫藥業(yè)23.3

7、05.283.143354871.4978432289002433.SZ太安堂5.116.585.29392989.9319636551002550.SZ千紅制藥4.106.183.23524870.6112429192002603.SZ以嶺藥業(yè)10.607.263.511278782.0238334714002737.SZ葵花藥業(yè)17.395.852.771015688.4925414304300003.SZ樂普醫(yī)療29.951.18

8、6.325336178.98272288920300015.SZ愛爾眼科27.452.382.136542477.03109639186300026.SZ紅日藥業(yè)3.382.313.051017779.5125072946300122.SZ智飛生物43.200.238.256912054.32317471703300199.SZ翰宇藥業(yè)10.067.715.95934059.5834432900300244.SZ迪安診斷16.2110.

9、196.49893264.7539723138300246.SZ寶萊特12.085.859.16176573.761239876300255.SZ常山藥業(yè)4.415.366.84412369.1120344188300267.SZ爾康制藥4.246.615.20874557.4727061649300326.SZ凱利泰9.416.182.40676889.6715015446300347.SZ泰格醫(yī)藥47.001.573.2323508

10、65.8950110651300363.SZ博騰股份9.345.083.00506957.09909292300463.SZ邁克生物17.309.902.90965365.7519310637600079.SH人福醫(yī)藥11.226.033.071518995.0045739429600085.SH同仁堂29.442.481.1440376100.0046915656600276.SH恒瑞醫(yī)藥62.630.511.8423060899.4

11、5425167212600332.SH白云山35.854.203.625828565.89143038779600436.SH片仔癀83.204.654.6150196100.00228727789600511.SH國藥股份26.990.703.832063136.3228910635600518.SH康美藥業(yè)12.022.0412.085978688.536615532003600521.SH華海藥業(yè)13.386.637.371673

12、698.85127791143600535.SH天士力21.383.691.4532341100.0047821886600557.SH康緣藥業(yè)10.493.763.15646797.0920318860600587.SH新華醫(yī)療13.883.614.77564199.2727519252600594.SH益佰制藥6.107.856.284831100.0031949703600867.SH通化東寶13.924.002.12285859

13、6.0959841789601607.SH上海醫(yī)藥19.984.081.685678567.6666832345603108.SH潤達(dá)醫(yī)療9.203.975.83533287.7128129621603658.SH安圖生物59.042.882.252479732.511833069603883.SH老百姓56.057.192.331597193.703646228603939.SH益豐藥房49.884.941.301879596.262

14、434730002030.SZ達(dá)安基因12.545.1411.171000095.79109885282002275.SZ桂林三金13.322.920.73786190.37533901002294.SZ信立泰24.236.232.8625345100.0075029874002390.SZ信邦制藥4.689.834.37780368.1024649617002424.SZ貴州百靈8.906.714.511256051.61304328

15、83002462.SZ嘉事堂15.875.654.07397699.5216810149002589.SZ瑞康醫(yī)藥8.559.817.701286572.0873883493002653.SZ海思科12.941.732.381397942.0713910812002727.SZ一心堂22.714.984.681289452.7232614020002788.SZ鷺燕醫(yī)藥13.515.527.23259754.94107763960005

16、6.SH中國醫(yī)藥14.315.984.451529094.7366144997600763.SH通策醫(yī)療48.281.532.1215480100.003316796600993.SH馬應(yīng)龍13.467.553.71580299.8122315964600998.SH九州通14.714.170.802762088.4120113325603368.SH柳州醫(yī)藥28.558.203.81739779.032337809資料來源：萬得資訊，