G Sachs: WuXi AppTec 1Q26 Results Far Exceed Expectations; Maintains Buy Rating
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G Sachs reported that WuXi AppTecexceeded expectations in its 1Q26 results, with revenue rising 28.8% YoY to RMB12.44 billion. The growth was driven by a 43.7% increase in WuXi Chemistry and 27.4% in WuXi Testing. G Sachs maintains a Buy rating, setting a target price of HKD149.7 for H shares and RMB137.3 for A shares, citing strong earnings outlook and growth prospects. The stock is included on the Conviction List, supported by a solid order backlog and expanding capacity in key business areas.
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