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<Research> G Sachs Raises WUXI APPTEC (02359.HK) TP to HKD169.4, Business Growth Shows Resilience
Recommend 2 Positive 3 Negative 1 |
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G Sachs issued a report stating that WUXI APPTEC (02359.HK) delivered strong results in the first quarter, with improved visibility across business segments. As a result, it raised its non-IFRS earnings forecasts for 2026 to 2028 by 7% to 7.6%. Management maintained its full-year guidance in the first quarter but indicated that a review may be conducted in the second quarter. The companys growth foundation remains broad-based. Excluding foreign exchange impact, new orders increased by 25%, while backlog rose by 29%, with all three major business segments recording growth of over 20%. The small molecule CDMO business sustained solid growth supported by multiple pipelines beyond oral GLP-1, while margin performance benefited from a higher contribution from late-stage and commercialization projects. G Sachs maintained its Buy rating on WUXI APPTEC and raised the TP to HKD169.4. (ec/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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