Daiwa: Raise Kangde Xinye's target price to 168 Hong Kong dollars, reaffirming the preferred stock.

date
30/06/2026
Morgan Stanley has released a research report stating that it has raised the target price of WuXi AppTec's H shares from HK$155 to HK$168, reiterating it as its "top pick" stock with a rating of "overweight." The target price for WuXi AppTec's A shares has also been raised from RMB 145 to RMB 153, with a rating of "overweight" maintained. Morgan Stanley has increased its adjusted profit forecast for WuXi AppTec for the years 2026 to 2028 by 4% to 6%, which implies a compound annual growth rate of 16% for the years 2025 to 2028.