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UBS: Give WuXi Biologics (02269) a "buy" rating with a target price of HK $142

智通财经2021-08-30

Zhitong Finance APP learned that UBS issued a research report stating that it gave WuXi Biologics (02269) a "buy" rating with a target price of HK $142, and raised its 2021-23 earnings per share forecast by 26% to 38% to reflect the epidemic and CMO-related projects were stronger than expected, and the 2020-24 revenue forecast was raised by 11% to reflect the stronger-than-expected growth of new crown projects and the growth of drug production outsourcing (CMO). According to the report, according to the management, there will be at least four to five non-Novel Coronavirus-related CMOs before the end of 2022, which is estimated to drive the company's long-term profit growth. The management will maintain the 2021...

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