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<Research>Citi Sets WUXI APPTEC's TP at HKD142; Mgmt Positive on Biz Outlook for 2026
Recommend 8 Positive 7 Negative 5 |
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WUXI APPTEC (02359.HK) Co-CEO Chen Minzhang delivered a speech at a US healthcare conference, followed by a Q&A session with Co-CEO Yang Qing and CFO Florence Shi, according to Citi's research report. Looking ahead to 2026, WUXI APPTEC's management expects internal growth in 2026 to be at least on par with 2025 (16% YoY reported, 21.4% YoY for continued operations). Shi also anticipates profit margins to improve as the company continues to optimize manufacturing processes, enhance capacity utilization, and boost operational efficiency. Divestment of some businesses will also be beneficial. Believing that WUXI APPTEC will sustain its solid market leadership in its core business areas, Citi has kept a Buy rating on the company with a target price of HKD142. AAStocks Financial News |
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