Zhongyin International: Raises target price for WUXI XDC (02268) to HKD 93, maintains "Buy" rating.

Zhouyin International released a research report stating that it has raised the target price for WUXI XDC (02268) from HKD 82 to HKD 93, maintaining a "Buy" rating. WUXI XDC delivered strong performance in the first half of the year, with revenue increasing by 37% year-on-year and adjusted net profit growing by 37.4%. To reflect the robust demand, which remains strong despite exchange rate pressures, the firm has revised its earnings forecast for the company, expecting revenue growth of 38.3%, 33.2%, and 29.7% year-on-year for the years 2026 to 2028, along with adjusted net profit growth of 36.8%, 31%, and 33.1%. There is a positive outlook on its long-term growth.