Express News | Morgan Stanley's Long Position in WuXi XDC Cayman Decreases to 1.97% on Jan 15 From 5.63% - HKEX

ReutersJan 20 04:09 ET

Hong Kong stock movement | WUXI XDC (02268) gained over 5% as the ADC Industry rapidly expands its demand. The company's revenue growth in 2024 is significantly higher than the guidance provided at the beginning of the year.

WUXI XDC (02268) rose over 5%, as of the time of writing, it increased by 5.21% to 30.3 Hong Kong dollars, with a trading volume of 59.955 million Hong Kong dollars.

Zhitong FinanceJan 19 20:59 ET

Morgan Stanley maintains WUXI XDC's Shareholding rating with a Target Price of 34.8 Hong Kong dollars.

Morgan Stanley released a research report stating that it maintains the "Shareholding" rating for WUXI XDC (02268) with a Target Price of 34.8 Hong Kong dollars. The company has announced strong performance for 2024 in advance and has also provided guidance for at least 35% performance growth by 2025, expressing confidence in achieving a compound annual growth rate of about 31% from 2024 to 2030, which is above the Industry average. The bank noted that WUXI XDC will launch the DP3 factory in mid-2025 and begin production in Singapore by the end of 2025, preparing for Global commercial projects. Morgan Stanley believes that the positive guidance for 2025 and robust long-term goals further highlight the group's rapid growth.

新浪港股Jan 17 01:26 ET

CICC: Maintain WUXI XDC (02268) "Outperform Industry" rating and raise the Target Price to HK$39.

CICC raised WUXI XDC's adjusted Net income for 2024/2025 by 58.9%/31.6% to 1.12 billion yuan/1.48 billion yuan.

Zhitong FinanceJan 16 20:15 ET

WuXi XDC Cayman Anticipates 260% Surge in Net Profit for 2024

MT NewswiresJan 15 02:01 ET

WuXi XDC Cayman: Higher Demand for Antibody Drug Conjugate Among Factors Supporting Results

Dow JonesJan 14 18:13 ET