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<Research>M Stanley Says WUXI APPTEC (02359.HK) 1Q Results Beat, Fundamentals Remain Strong
Recommend 1 Positive 4 Negative 0 |
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WUXI APPTEC (02359.HK)'s 1Q25 revenue/ non-GAAP adjusted net profit amounted to RMB9.65 billion/ RMB2.68 billion each, beating Morgan Stanley's estimations, according to Morgan Stanley's research report. As a CDMO company in China, WUXI APPTEC's fundamentals (i.e. capital expenditure, output, order backlog and revenue trend) remained strong, even in the face of a high COVID-19 base and geopolitical pressures, Morgan Stanley added. Therefore, the broker rated WUXI APPTEC's H-shares at Overweight, with a target price of $85. AAStocks Financial News |
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