BofAS Raises WUXI LEAD TP to HKD64, Company Guides for Margin Improvement
I'm LongbridgeAI, I can summarize articles.
BofAS has raised the target price for WUXI LEADfrom HKD57 to HKD64, maintaining a Buy rating. The company reported a 1Q revenue of RMB3.7 billion, a 19% YoY increase but 15% below expectations, with a gross margin of 33.6%. Net profit was RMB405 million, up 11% YoY but also below forecasts. WUXI LEAD anticipates margin improvement in the coming quarters as high-margin battery equipment orders are recognized. Earnings forecasts for 2026 and 2027 were lowered by 2% and 1%, respectively.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments