CMB International has lifted its target price for WUXI XDC (02268) to HK$93, up from HK$82, while maintaining a "Buy" rating on the stock.
The brokerage highlighted the company's robust first-half performance, with revenue climbing 37% year-on-year and adjusted net profit rising 37.4%. In light of persistent demand despite currency headwinds, the firm has revised its earnings forecasts upward, projecting revenue growth of 38.3%, 33.2%, and 29.7% for 2026 through 2028, respectively.
Adjusted net profit is now expected to grow by 36.8%, 31%, and 33.1% over the same period. CMB International expressed a positive long-term outlook on the company's growth trajectory.
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