Lates News

Goldman Sachs released a research report indicating that the performance of WuXi AppTec in the first quarter of this year was strong, and the management team maintained its guidance for the 2025 fiscal year in line with the bank's expectations. They believe that if the strong performance continues for the next 1 to 2 quarters, the company has room to increase its guidance in the second half of the year. The bank expects the company's TIDES business to grow by 65% this year (official guidance is 60%), with forecasted increases in TIDES revenue for each year from 2025 to 2027 at 3.1%, 5%, and 5% respectively. The bank has raised its forecast for the company's net profit for each year from 2025 to 2027 by 7%, 3.5%, and 2.3% respectively to reflect better-than-expected TIDES business and deliveries of small molecule research and manufacturing. The bank has raised the H-share target price from 70.9 Hong Kong dollars to 74.9 Hong Kong dollars and maintains a "Neutral" rating.