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<Research>Nomura: WUXI APPTEC (02359.HK) 1Q Results in Line; 2024 Guidance Maintained
Recommend 6 Positive 6 Negative 3 |
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WUXI APPTEC (02359.HK)'s 1Q24 results were in line with expectations, with revenue/ earnings dropping 11%/ 10% YoY, Nomura issued a research report saying. As the selling expense ratio increased by 0.3 ppts to 2.2%, the operating profit margin dropped by 2.1 ppts to 24%, and the gross profit margin also narrowed to 37.3%. Management still maintains its 2024 results guidance unchanged. Nomura currently rated WUXI APPTEC at Buy, with a target price of $54.56. AAStocks Financial News |
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