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<Research>M Stanley Rates WUXI BIO as Overweight w/ TP HKD35; Positive Profit Alert Beats
Recommend 23 Positive 35 Negative 13 |
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WUXI BIO (02269.HK) has issued a positive profit alert expecting its 1H25 revenue/ net profit/ adjusted net profit to rise by 16%/ 56%/ 11% YoY on a 3.6 ppt YoY expansion in its GPM, surpassing expectations, according to Morgan Stanley's research report. The broker attributed the GPM expansion to an increase in service projects and improved utilization. The better-than-expected 1H25 results will also provide a buffer for the company's full-year revenue growth guidance of 12-15% and heightened profitability. Morgan Stanley set its target price for WUXI BIO at HKD35 with an Overweight rating. AAStocks Financial News |
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