[ET Net News Agency, 1 November 2017] Credit Suisse assumed coverage on Wuxi Biologics
(02269) with a "neutral" rating from "outperform" previously, and a target price of
HK$45.8.
The research house likes the company's expanding capacities for growing business volume
and its unique "follow the molecule" strategy. The company will take advantage of the
fast-growing biologic outsourcing industry with its c.50% market share in the China
market.
Credit Suisse believes that Wuxi will take more mAb discovery projects with its expanded
capacity and mAb business will be the next growth driver in the next five years. (KL)