On July 14, WuXi AppTec (02359.HK) rose 3.36% in regular trading, trading at 156.8 HKD/share, with turnover of HKD 324 million.

On the news front, multiple global investment banks have recently raised their target prices for WuXi AppTec in quick succession. Daiwa significantly lifted its target price from 138 HKD to 190 HKD, maintaining a Buy rating, and designated the company as one of its top picks in the China CXO sector. The firm noted that Q1 continuing operations revenue grew 39.4% year-over-year, with adjusted net profit surging 71.7%, both exceeding market expectations. Daiwa also expressed confidence in full-year TIDES revenue delivery and potential upward guidance revision. Additionally, JPMorgan Chase increased its holdings by approximately 2.37 million H shares in early July at around 155.71 HKD per share, further reinforcing institutional bullish sentiment toward the stock.

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