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

HK:2410

TYK Medicines, Inc. Class H

(HKEX:2410)

Select Model
Rating:40Underperform
Price Target:HKD 3.00â–¼(-2.76% Downside)
Action:reiterated
Date:09/23/26

Low score driven primarily by weak financial performance with zero revenue and high cash burn, alongside bearish technical indicators showing price below all key moving averages.

Positive Factors
Manageable LeverageRecent leverage appears manageable rather than excessive, which preserves some financial flexibility for research and development. Although the company remains loss-making, its current debt burden is not identified as over-geared, reducing near-term balance-sheet pressure.
Negative Factors
Persistent Cash BurnHeavy operating and free-cash-flow burn means the business is not self-funding its development activities. Continued negative cash generation can consume available resources, restrict strategic flexibility, and increase dependence on future financing to maintain operations.

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

-100%-80%-60%-40%-20%0%20%HK:2410-79.01%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.17B
Dividend Yield
―
Average Volume (3M)
3.35M
Price to Earnings (P/E)
-4.7
Beta (1Y)
1.81
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

TTM data shows zero revenue, net losses of 212 million, and deeply negative operating cash flow of 213 million. Balance sheet has stabilized with positive equity of 261 million, but pre-revenue biotech stage and ongoing cash burn indicate high execution risk.

Income Statement

12Very Negative

Balance Sheet

42Neutral

Cash Flow

18Very Negative
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 SentimentNegative
Last Price3.08

Price Trends

50DMA4.21Negative
100DMA5.53Negative
200DMA8.24Negative

Market Momentum

MACD-0.33Negative
RSI36.72Neutral
STOCH24.10Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2410, the sentiment is Negative. The current price of 3.08 is below the 20-day moving average (MA) of 3.43, below the 50-day MA of 4.21, and below the 200-day MA of 8.24, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 36.72 is Neutral, neither overbought nor oversold. The STOCH value of 24.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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:187373OutperformHKD 2.60B12.924.45%―7.38%7.90%
HK:2633HK:263370OutperformHKD 1.78B6.1913.26%9.67%-0.47%-0.40%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:1167HK:116748NeutralHKD 3.62B6.0047.76%―286.20%―
HK:9996HK:999648NeutralHKD 2.55B-15.11-7.65%―21.23%36.89%
HK:2410HK:241040UnderperformHKD 1.17B-4.66-77.60%―――
HK:2197HK:219739UnderperformHKD 1.62B1.61-64.89%―-99.15%―

* 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 '26
HK:2410 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2410TYK Medicines, Inc. Class H3.08-12.14-79.73%
HK:9996Peijia Medical Ltd.3.77-2.22-37.06%
HK:1167Jacobio Pharmaceuticals Group Co., Ltd.4.60-2.66-36.64%
HK:1873Viva Biotech Holdings1.25-1.14-47.70%
HK:2197Clover Biopharmaceuticals Ltd.1.25-0.99-44.20%
HK:2633Jacobson Pharma Corporation Limited0.94-0.42-30.74%

TYK Medicines, Inc. Class H Corporate Events

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&#82...

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...

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 Na...

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 st...

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 resea...

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...

TYK Medicines Schedules Board Meeting to Approve Interim Results and Consider Dividend

Aug 5, 2026

TYK Medicines, Inc., a PRC-based pharmaceutical company listed in Hong Kong under stock code 2410, operates within the biopharmaceutical and healthcare sector, leveraging mainland China’s research base and Hong Kong’s capital markets. Its...

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: Sep 23, 2026