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TYK Medicines, Inc. Class H (2410) AI Stock Analysis

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HK:2410

TYK Medicines, Inc. Class H

(HKEX:2410)

Select Model
Rating:41Neutral
Price Target:HKD 3.50â–¼(-14.63% Downside)
Action:upgraded
Date:11/11/26

The score is primarily constrained by zero revenue, substantial losses, and persistent cash burn. Moderate leverage and improved debt levels offer some resilience, while mixed technical momentum and weak valuation provide little additional support.

Positive Factors
Targeted oncology pipelineA focused small-molecule oncology strategy can support specialized expertise, differentiated candidate selection, and a coherent research platform. Advancing targeted therapies through multiple development stages creates the potential for pipeline value and future commercial opportunities if clinical execution succeeds.
Negative Factors
Minimal recurring revenueThe absence of meaningful recurring revenue leaves the business dependent on research progress rather than an established commercial base. This limits operating leverage and revenue visibility, making near-term financial performance highly sensitive to development outcomes and future commercialization.

TYK Medicines, Inc. Class H (2410) vs. iShares MSCI Hong Kong ETF (EWH)

-100%-80%-60%-40%-20%0%20%HK:2410-70.14%EWH+8.68%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 1.42B
Dividend Yield
―
Average Volume (3M)
2.99M
Price to Earnings (P/E)
-6.2
Beta (1Y)
1.80
Revenue Growth
―
EPS Growth
―
Country
Hong Kong
Employees
184
Sector
General
Sector Strength
55
Industry
Biotechnology

TYK Medicines, Inc. Class H Business Overview & Revenue Model

Company Description

TYK Medicines, Inc. is a biopharmaceutical firm in the clinical development phase, dedicated to identifying, obtaining, advancing, and bringing to market innovative treatments for significant unmet needs in oncology. The company's primary drug candid...

TYK Medicines, Inc. Class H Financial Statement Overview

Summary

Financial performance is very weak: the company has zero TTM revenue, a net loss of about HKD 212 million, operating cash outflows of about HKD 213 million, and continued reliance on external funding. Moderate leverage and reduced debt provide limited support.

Income Statement

24Negative

Balance Sheet

52Neutral

Cash Flow

33Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022
Income Statement
Total Revenue00107.00K044.24M
Gross Profit0-24.37M14.00K-27.66M20.04M
EBITDA-329.78M-289.17M-346.03M-346.80M-292.22M
Net Income-212.49M-292.01M-386.95M-382.43M-310.99M
Balance Sheet
Total Assets768.55M780.07M915.69M573.14M558.36M
Cash, Cash Equivalents and Short-Term Investments201.96M367.44M460.46M192.83M243.49M
Total Debt149.63M152.81M176.85M1.33B82.33M
Total Liabilities507.79M493.13M443.13M1.45B1.06B
Stockholders Equity260.96M286.79M469.09M-884.48M-505.94M
Cash Flow
Free Cash Flow-268.96M-255.18M-381.87M-278.20M-308.23M
Operating Cash Flow-212.86M-215.77M-308.25M-200.94M-220.05M
Investing Cash Flow167.09M35.95M-135.86M73.01M-158.16M
Financing Cash Flow116.38M126.38M632.08M224.00M351.14M

TYK Medicines, Inc. Class H Technical Analysis

Technical Analysis SentimentNeutral
Last Price4.10

Price Trends

50DMA3.68Positive
100DMA5.24Negative
200DMA7.77Negative

Market Momentum

MACD-0.02Negative
RSI63.59Neutral
STOCH89.16Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2410, the sentiment is Neutral. The current price of 4.10 is above the 20-day moving average (MA) of 3.28, above the 50-day MA of 3.68, and below the 200-day MA of 7.77, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 63.59 is Neutral, neither overbought nor oversold. The STOCH value of 89.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2410.

TYK Medicines, Inc. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:2410 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1873HK:187370OutperformHKD 2.71B13.474.45%―7.38%7.90%
HK:2633HK:263370OutperformHKD 1.75B6.0913.26%9.83%-0.47%-0.40%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:1167HK:116748NeutralHKD 3.78B6.2947.76%―286.20%―
HK:2197HK:219745NeutralHKD 2.11B2.20-64.89%―-99.15%―
HK:9996HK:999645NeutralHKD 2.69B-16.19-7.65%―21.23%36.89%
HK:2410HK:241041NeutralHKD 1.47B-6.21-77.60%―――

* General Sector Average

Performance Comparison

-75%-50%-25%0%25%HK:2410HK:9996HK:1167HK:1873HK:2197HK:2633Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:2410 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2410TYK Medicines, Inc. Class H4.10-9.86-70.63%
HK:9996Peijia Medical Ltd.4.03-2.11-34.45%
HK:1167Jacobio Pharmaceuticals Group Co., Ltd.4.80-2.07-30.06%
HK:1873Viva Biotech Holdings1.30-0.77-37.20%
HK:2197Clover Biopharmaceuticals Ltd.1.71-0.90-34.48%
HK:2633Jacobson Pharma Corporation Limited0.92-0.43-31.85%

TYK Medicines, Inc. Class H Corporate Events

TYK Medicines Enters Conditional Huiyu Settlement

Nov 11, 2026

TYK Medicines entered a conditional settlement agreement with Huiyu on November 11, 2026, covering disputes over sales agency and related cooperation for TY-9591. Under the agreement, the company is to pay RMB300 million in two RMB150 million instalm...

TYK Medicines Reports Kardorisso Commercialization Update

Nov 11, 2026

On August 27, 2026, the company said Kardorisso had obtained conditional approval in China for first-line treatment of adults with locally advanced or metastatic NSCLC with CNS metastases and EGFR exon 19 deletion or exon 21 L858R mutation.The update...

TYK Medicines Shareholders Back Board Re-elections and Governance Changes

Oct 16, 2026

Shareholders of TYK Medicines, Inc. convened for the company’s second extraordinary general meeting of 2026 in Shanghai, where all directors attended either in person or electronically. The meeting complied with PRC Company Law and the firm’s Article...

TYK Medicines Calls October EGM to Refresh Board and Amend Articles

Sep 30, 2026

TYK Medicines, Inc. has called a second extraordinary general meeting for October 16, 2026 in Shanghai to vote on the re-election of several board members, including executive and non-executive directors, as well as independent non-executive director...

TYK Medicines Subscription Deal With Qilu Lapses but Collaboration Continues

Sep 20, 2026

TYK Medicines, Inc. announced that its subscription agreement with Qilu for the proposed issuance of 63,222,744 H shares has lapsed after certain conditions precedent were not fulfilled or waived by the revised long stop date of September 20, 2026. T...

TYK Medicines Sets Book Closure for 2026 Extraordinary General Meeting

Sep 18, 2026

TYK Medicines, Inc. has announced administrative arrangements for its 2026 second extraordinary general meeting, where shareholders will consider proposed amendments to the company’s articles of association and the re-election of directors. The move...

TYK Medicines CEO Boosts Stake With New H-Share Purchases

Sep 10, 2026

TYK Medicines, Inc. has disclosed that its chairman, executive director and chief executive officer, Dr. Wu Yusheng, has increased his stake in the company by acquiring 635,000 H shares on the open market between September 8 and 10, 2026, for about H...

TYK Medicines CEO Boosts Personal Stake While Upholding Public Float

Sep 8, 2026

TYK Medicines, Inc. has disclosed that its chairman, executive director and chief executive officer, Dr. Wu Yusheng, has increased his stake in the company through open-market share purchases funded by his personal resources. He has indicated that to...

TYK Medicines Wins Conditional China Nod for Next‑Generation Lung Cancer Drug

Aug 27, 2026

TYK Medicines, Inc. announced that its self‑developed Asandeutertinib Mesylate Tablets (TY‑9591), a next‑generation, irreversible and highly selective EGFR‑TKI, has received conditional marketing approval from China’s National Medical Products Admini...

TYK Medicines Extends Deadline for Major H-Share Subscription Deal

Aug 20, 2026

TYK Medicines, Inc., a PRC-incorporated biopharmaceutical company listed in Hong Kong under stock code 2410, is building its business around licensing and collaboration deals and the issuance of H shares under general mandates. The company’s strategy...

TYK Medicines Clarifies Board Structure and Committee Roles

Aug 17, 2026

TYK Medicines, Inc., a Hong Kong-listed pharmaceutical and biotechnology company incorporated in the People’s Republic of China, has structured its board with executive, non-executive and independent non-executive directors to support its research-dr...

TYK Medicines Narrows Interim Loss as Other Income Surges Despite Higher R&D Spend

Aug 17, 2026

TYK Medicines, Inc. reported an unaudited total comprehensive loss of RMB26.9 million for the six months ended June 30, 2026, a sharp improvement from a RMB114.1 million loss a year earlier, supported by a strong rise in other income and gains to RMB...

TYK Medicines reshapes board roles and plans director re-election

Aug 17, 2026

TYK Medicines, Inc. announced the resignation of non-executive director Dr. Jiang Mingyu, who stepped down effective August 17, 2026 to focus on other business endeavors, and confirmed there were no disputes or claims related to his departure. Concur...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 11, 2026