G Sachs Raises WUXI APPTEC TP to HKD169.4, Business Growth Shows Resilience
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G Sachs has raised its target price for WUXI APPTECto HKD169.4, maintaining a Buy rating. The company reported strong Q1 results, with a 25% increase in new orders and a 29% rise in backlog, driven by growth across all major business segments. Non-IFRS earnings forecasts for 2026-2028 were increased by 7% to 7.6%. Management plans to review guidance in Q2, while the small molecule CDMO business continues to show solid growth.
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