WuXi AppTec (2359.HK)_ 3Q24 First Take
Applause·2024-10-31 02:40
Flash | Buy Price (28 Oct 24 16:10) HK$52.75 Target price HK$70.00 Expected share price return 32.7% Expected dividend yield 1.9% Expected total return 34.6% Market Cap HK$167,656M US$21,577M 28 Oct 2024 11:13:43 ET │ 10 pages WuXi AppTec (2359.HK) 3Q24 First Take CITI'S TAKE WuXi AppTec reported 1-3Q24 revenue of Rmb27.7bn (-6% yoy or +4.6% excl. COVID-19 projects) and net profit of Rmb6.5bn (-19% yoy, or -14% yoy excl. one-offs), which beat our estimate, while net profit missed Visible Alpha consensus. GM ...