Jin10 data reported on May 23 that China Merchants Securities released a research report indicating that WuXi AppTec (02268.HK) has demonstrated significant advantages in technology and speed on both the R-side and D-side. It is believed that with the integrated advantages of CRDMO, the company will support and accompany the growth of leader enterprises and star projects, and the M-side scaling space is worth looking forward to. The firm is optimistic about the group’s future growth potential, estimating its net profit for the years 2025 to 2027 to reach 1.44 billion, 1.88 billion, and 2.56 billion RMB, respectively, and has initiated coverage on the stock with a “strong buy” rating.
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