BUZZ-H-shares of China's WuXi AppTec hits near 3-week peak after Q3 results

Reuters
2024-10-29

** H-shares of WuXi AppTec rise 6.4% to HK$56.10, the highest since Oct. 10

** Stock third-biggest pct gainer on Hang Seng Index and fourth-biggest on Hang Seng Commerce & Industry Index

, which are up 0.6% and 0.9%, respectively

** Chinese new drug research and development group posts 17% fall in Q3 net profit, 1.96% decline in revenue

** Jefferies maintains "buy", saying Q3 results in-line with expectations and market consensus

** Sees accelerating growth for total backlog, indicating stronger revenue momentum ahead

** Co's Shanghai-listed stock up 5.1% to 56.15 yuan

** Hong Kong stock down 31.2% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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