里昂：升药明康德目标价至 138.6 港元 第三季业绩胜预期
Citi released a research report stating that it has raised the target price for WuXi AppTec's H shares from HKD 137.1 to HKD 138.6, and the target price for WuXi AppTec's A shares from RMB 124.7 to RMB 126, maintaining an "outperform" rating and listing the shares as a top pick in the mainland CRO and CDMO industry. WuXi AppTec's third-quarter performance was robust, with revenue, net profit, and order growth all exceeding market expectations. During the period, revenue and adjusted non-IFRS net profit increased by 15% and 42% year-on-year, respectively. The company has raised its full-year revenue growth guidance for continuing operations from 13%-17% to 17%-18%, and expects the full-year adjusted non-IFRS net profit margin to further improve year-on-year. The bank has also raised its revenue and net profit forecasts for WuXi AppTec for 2025 to 2027 by approximately 2% and 4%, respectively, to reflect the better-than-expected third-quarter performance and continued strong order growth
According to the Zhitong Finance APP, Credit Lyonnais has released a research report stating that it has raised the target price for WuXi AppTec H shares (02359) from HKD 137.1 to HKD 138.6, and the target price for WuXi AppTec A shares (603259.SH) from RMB 124.7 to RMB 126, maintaining an "outperform" rating and listing the shares as a top choice in the mainland CRO and CDMO industry.
WuXi AppTec's performance in the third quarter was robust, with revenue, net profit, and order growth all exceeding market expectations. During the period, revenue and adjusted non-IFRS net profit increased by 15% and 42% year-on-year, respectively. The company has raised its full-year revenue growth guidance for continuing operations from 13%-17% to 17%-18%, and expects the full-year adjusted non-IFRS net profit margin to further improve year-on-year. The firm has also raised its revenue and net profit forecasts for WuXi AppTec for 2025 to 2027 by approximately 2% and 4%, respectively, to reflect the better-than-expected third-quarter performance and the continued strong growth in orders
