Hong Kong Stocks Surge: CRO Concept Stocks Rally in Afternoon Session with WUXI BIO (02269) Up Over 7%; Analysts Highlight Industry Consolidation Trend

Stock News12-04 14:40

CRO concept stocks experienced a rapid surge in the afternoon session. As of press time, WUXI BIO (02269) rose 4.94% to HK$32.28, GENSCRIPT BIO (01548) gained 3.8% to HK$15.01, WUXI APPTEC (02359) climbed 2.62% to HK$99.95, and TIGERMED (03347) increased 1.22% to HK$38.04.

The rally followed WUXI BIO's announcement on December 2 of a strategic cooperation memorandum with the Qatar Free Zones Authority (QFZ), expanding its global service network and professional capabilities to the Middle East. This partnership lays the foundation for WUXI BIO to establish its first integrated CRDMO center in the region.

Bank of Communications International released a research report stating that CXO sector orders and performance are showing clear signs of recovery by 2025. The report projects that with improving downstream financing and growing overseas expansion trends, the sector could maintain strong earnings growth in 2026. However, amid tightening U.S. pharmaceutical regulations and increasing drug development complexities, industry consolidation is just beginning, likely leading to the elimination of outdated capacities and weaker players. Consequently, leading companies in high-growth segments are expected to demonstrate stronger long-term stability.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment