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<Research>HSBC Research Elevates WUXI APPTEC's TP to HKD124; New Orders Grow Robustly
Recommend 7 Positive 11 Negative 3 |
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WUXI APPTEC (02359.HK) delivered strong 1H25 results, with a 44% YoY increase in non-IFRS adjusted net profit, beating expectations, primarily attributable to gross margin expansion as a result of improved operational efficiency and revenue from large commercial projects, according to a report from HSBC Global Research. Turning upbeat about WUXI APPTEC's growth prospects and profitability, the broker estimated the robust growth in new orders and continuous improvement in profit margins to serve as potential short-term catalysts for the company. HSBC Global Research kept a Buy rating on WUXI APPTEC and raised its target price from HKD83.7 to HKD124. AAStocks Financial News |
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