*J.P. Morgan Asia FTM 22 May 26 China Healthcare: AI in drug development; Samsung Bio: Labor disputes; KEP: u/g to OW; Thai Consumer: Solid 1Q prints; NVDA 1Q key takes; SK: Raise PT to street high W870K

研报英文原文证据摘录

*J.P. Morgan Asia FTM 22 May 26 China Healthcare: AI in drug development; Samsung Bio: Labor disputes; KEP: u/g to OW; Thai Consumer: Solid 1Q prints; NVDA 1Q key takes; SK: Raise PT to street high W870K

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Asia First to Market 22 May 2026

Top Stories

China Healthcare (Yang Huang)

Global China Summit Takeaways (Day 2): AI applications in early and late drug development; China

pharma panel

Day 2 key takeaways are: 1) WuXi AppTec reiterated its FY26E guidance, but we expect potential raise; 2)

XtalPi is expanding its AI-driven drug discovery ecosystem through flexible partnerships and automated lab

capabilities; 3) Tigermed is actively integrating AI across its clinical operations to optimize costs and

address ongoing pricing pressures; 4) Yifeng’s same-store sales recovery is on track, with management

guiding to 5%+ SSG (same store growth) in 2026; 5) Innovent’s management expressed confidence in

achieving a CAGR of 15%~20% from 2027-2030.

Samsung Biologics (207940.KS, OW – W1,381,000), South Korea (Jihyun Cho)

Long-held disputes with labor unions, but awaiting near-term settlements; PT cut to W2,200K,

remain OW

Samsung Biologics’ labor dispute remains unresolved following employees’ return from a five-day full-scale

strike (May 1-5), with work-to-rule actions (no overtime/holiday shifts) still in place. While Samsung

Electronics’ wage settlement yesterday is a modest positive read-across for a potential near-term resolution,