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59931 UB#WUXI RC2508D (R BULL)
RT Nominal down0.184 -0.001 (-0.541%)

23/08/2024 14:35

{I-bank focus}Citi lowers Wuxi Bio (02269) to HKD30

[ET Net News Agency, 23 August 2024] Citi lowered the target price for Wuxi Bio (02269)
to HKD30 from HKD35 and maintained the "buy" rating.
The research house said it cuts revenue forecasts by 0%/3%/7% and net profits by
6%/11%/14% in FY24/25/26 respectively to factor in negative margin effect of new capacity
construction and increasing minority interest of profit from WuXi XDC. (rc)

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