On July 9, WuXi Biologics rose 3.03% in regular trading, trading at HK$37.32/share, with turnover of HK$269 million.
On the news front, the Life Sciences Tools & Services sector staged a collective rebound after two consecutive sessions of weakness. INSILICO gained 6.97%, WuXi XDC rose 4.29%, XtalPi climbed 3.64%, Pharmaron advanced 2.97%, and WuXi AppTec added 2.87%, reflecting significant sector resonance.
The company maintained its high-frequency buyback rhythm, repurchasing approximately 2.7165 million shares on July 7 for about HK$99.82 million, bringing the cumulative buyback amount to HK$1.272 billion year-to-date. This sustained capital deployment signals management confidence in the company's intrinsic value.
Additionally, UBS previously raised its target price for WuXi Biologics to HK$51.1, maintaining a Buy rating, citing strong order momentum, favorable pricing trends with new contract prices up 5%-15%, and reaffirmed revenue guidance of 13%-17% year-over-year growth. The current share price implies approximately 27% upside to the UBS target.
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