Daily BriefsHealthcare

Health Care: Wuxi Biologics and more

In today’s briefing:

  • Wuxi Biologics (2269.HK) 2021 Results – The Highlights and the Concerns

Wuxi Biologics (2269.HK) 2021 Results – The Highlights and the Concerns

By Xinyao (Criss) Wang

  • The continuous increase of backlog and CMO projects would provide high visibility and certainty for the growth of Wuxi Biologics (2269 HK) in 2022.
  • Given the complex international relations, it is possible that the US may add WuXi Biologics to any sanctions list again in the future, which means large stock price volatility.
  • There could be some short-term rally, but due to the lack of clear positive “signals” in the industry, we do not think it means a complete “reversal” for WuXi Biologics. 

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