Movement Alert|WUXI APPTEC Rises 3.03% in Regular Trading, US Court Preliminary Injunction Removes 1260H Uncertainty

Market Focus
08/11

On August 11, WUXI APPTEC rose 3.03% in regular trading, trading at 203.4 HKD/share with turnover of 531 million HKD, extending its recent rally to fresh all-time highs.

On the news front, the company previously announced that the US District Court for the District of Columbia approved its preliminary injunction motion on August 7, prohibiting the US Department of Defense from executing or implementing its 1260H designation against the company, or taking any other measures based on that designation, during judicial proceedings. Morgan Stanley noted this injunction effectively removes the overhang of the 1260H list uncertainty. CITIC International maintains a Buy rating with a target price of 216 HKD. The ruling follows a lawsuit filed on June 11 and an injunction application submitted on June 29.

Additionally, FMR LLC recently increased its holdings by approximately 1.19 million shares at around 180.74 HKD per share. The company's interim results showed first-half revenue of 28.9 billion RMB, up 38.93% year-over-year, with adjusted net profit of 11.57 billion RMB, surging 83.2%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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