--- title: "WUXI LEAD Jumps 6%; Citi Says Buyback Scale Considerable, Rates Buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/293281592.md" description: "WUXI LEADshares rose over 6% following an announcement of a HKD200-400 million H-share buyback and a new incentive scheme. Citi maintained a Buy rating with a HKD67 target price, citing the considerable buyback scale as a confidence booster. The broker noted the stock trades at a historical low P/E, offering a discount to its A-share counterpart." datetime: "2026-07-21T03:25:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293281592.md) - [en](https://longbridge.com/en/news/293281592.md) - [zh-HK](https://longbridge.com/zh-HK/news/293281592.md) generator: "portal-rs" --- # WUXI LEAD Jumps 6%; Citi Says Buyback Scale Considerable, Rates Buy WUXI LEAD (00470.HK) +2.060 (+7.437%) Short selling $3.04M; Ratio 6.384% opened 0.7% higher this morning (21st), with gains expanding in early trading. The stock now trades at HKD29.38, up 6.06%, with turnover of HKD35.5192 million. The company announced last night (20th) that, based on firm confidence in its future development prospects and strong recognition of its intrinsic value, it plans to implement an H-share buyback. The total buyback amount will be no less than RMB200 million and no more than RMB400 million, funded by internal resources or self-raised funds. The implementation period will be within 12 months from the date the board approves the buyback proposal. The company also announced a proposed adoption of the 2026 H-share incentive scheme, under which no more than 7 million H shares may be granted as award shares, accounting for about 0.42% of the total issued shares (excluding treasury shares) as of the adoption date. Citi said in a report that the main purposes of WUXI LEAD's H-share buyback are (1) to enhance investor confidence; and (2) to lay the foundation for the H-share incentive scheme. Citi stated that, assuming WUXI LEAD can repurchase all shares at yesterday's (20th) closing price of HKD27.7, the company would buy back 7.2 million to 10.8 million shares, representing 6.7% to 10% of total issued H shares. The broker expects a positive share price reaction because the buyback volume is considerable, while the H shares are trading at the historical trough level of HKD27.7, equivalent to a forecast 2026 price-to-earnings ratio of 15.7x, representing about a 25% discount to the A-share price-to-earnings ratio of LEAD INTELLIGENT (300450.SZ) +1.340 (+4.285%) . Citi maintained a Buy rating on WUXI LEAD H shares with a TP of HKD67. (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-20 16:25.) (A Shares quote is delayed for at least 15 mins.) ### Related Stocks - [00470.HK](https://longbridge.com/en/quote/00470.HK.md) - [300450.CN](https://longbridge.com/en/quote/300450.CN.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [02:40 ETLEAD Intelligent Dry Coating Equipment Wins InterBattery Equipment Award, Marking a Historic Breakthrough](https://longbridge.com/en/news/277897285.md) - [Memory Giants Including Micron, SK Hynix, and SanDisk Rally: Is It Worth Buying DRAM ETFs Now?](https://longbridge.com/en/news/296065323.md) - [Southeast Asia Properties & Finance held annual shareholder meeting](https://longbridge.com/en/news/296611244.md) - [POP MART Gaps Down 8.2% at Open as Interim Results Miss w/ Plans of Share Buyback of Up to RMB5B](https://longbridge.com/en/news/296555795.md) - [Million Cities expects H1 profit after tax of RMB 2 million-RMB 10 million](https://longbridge.com/en/news/296078207.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**