$WUXI APPTEC(02359.HK) Key highlights of the earnings report:
Operating revenue of 28.9 billion RMB, up 39% YoY; net profit of 11.6 billion RMB, up 83% YoY (far exceeding market expected growth rate of 40%); backlog orders of 66.4 billion RMB, up 25% YoY; full-year revenue guidance raised from 53 billion RMB to 60.5 billion RMB (up 14%).
Multiple institutions have raised their target prices, with the highest at 190 HKD, maintaining a "Buy" rating.
But there is an eternal dilemma:
With earnings significantly beating expectations, should one chase the rally at market open, or is this a "sell the news" opportunity?
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