Since January 20, WUXI BIO's (02269) stock performance has surpassed that of its mainland CRO peers and the overall healthcare sector. The firm attributes this relative resilience to several factors: a more diversified shareholder structure that helps cushion against geopolitical risk shocks; improved visibility for growth acceleration before 2026, with potential performance possibly exceeding current expectations; and capital flowing back to WUXI BIO as peers reported operating profits that fell short of expectations in the fourth quarter of 2025. Within the mainland CRO/CDMO sector, WUXI BIO remains the firm's top pick, trading at a discount compared to its global peers. The price target is set at HK$48.5, with an Outperform rating.
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