HK Stock Market Move | WUXI XDC (02268) surged more than 6% and plans to repurchase up to $100 million worth of shares, enhancing the company's profit visibility.
WuXi AppTec (02268) surged over 6% again, as of the time of publication, up 6.35%, at HK$58.65, with a turnover of HK$169 million.
WUXI XDC (02268) rose by more than 6%, with an increase of 6.35% to HKD 58.65 as of the time of writing, with a transaction amount of HKD 169 million.
On the news front, WUXI XDC recently announced that the company has decided to use up to USD 100 million of internal funds to entrust professional trustees to purchase company shares in the open market. The company pointed out that the current trading price of the shares does not reflect their intrinsic value or actual business prospects. It is worth noting that as of the end of 2025, WUXI XDC's total outstanding orders amount to USD 1.489 billion, a year-on-year increase of 50.3%, providing strong support for future performance.
Prior research reports from Lyon stated that WUXI XDC reaffirmed its target of a compound annual revenue growth rate of 30% to 35% from 2025 to 2030, with a CMO portfolio target of 20% by 2030 and a 50% increase in outstanding orders by 2025. The bank believes that this enhances the company's earnings visibility.
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