bearish

WuXi AppTec

WuXi AppTec (2359.HK/603259.CH) 2023 Results - Time to Prepare for the Worst

Xinyao has highlighted this Insight as a Top Pick
593 Views20 Mar 2024 08:55
WuXi AppTec’s 2023 results were disappointing. 2024 performance guidance is meaningless due to the increasingly intense geopolitical conflicts. It's time to prepare for the worst impact on valuation.
Boomeranged on Tue, 2 Apr 2024 09:20
Here are new updates: Mike Gal­lagher & Ra­ja Kr­ish­namoor­thi sent a letter to the Pen­ta­gon to push for related Chi­na com­pa­nies/sub­sidiaries to be added to a Pen­ta­gon list of firms that al­leged­ly work with the Chi­nese mil­i­tary. Meanwhile, of­fi­cials from mul­ti­ple US agencies told the sen­a­tors they were con­cerned about WuXi trans­ferred US client’s IP to Chinese au­thor­i­ties.
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