HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Over 15 years' experience in both finance and healthcare, covering clinic operations, investment and equity research in both China and overseas.

2023 High Conviction Update: Sonoscape Medical (300633.CH) - High Growth Is Expected to Continue

Genscript Biotech (1548.HK) - Inadequate Cognition Will Lead to Bad Investment Decisions

China Healthcare Weekly (Feb.17) - CXO Vs Pharma, Medical Insurance Account Reform, Time to Reflect

Reform in China's Medical Service Industry: SOE-Run Hospitals Usher in a Critical Turning Point

WuXi AppTec (603259.CH/2359.HK) 22Q3- It’s Too Early to Think That The Past Rapid Growth Has Resumed

Wuxi Biologics Placement (2269 HK) - Things Are No Longer Easy When the Magic of CXO Wears Off

Gravity Works As WeWork Doesn't; Now Plan B

Equity Bottom-Up

<ul>
<li>WuXi AppTec is facing how to keep high growth momentum under the high base of last year's performance.If there’s no high growth point with certainty,high valuation is hard to sustain.</li>
<li>The US wouldn’t stop tightening monetary policy until "it’s fully prepared".Investors need to consider a situation that high interest rate environment is longer than expected,under which CXO remains in trouble.</li>
<li>Market sentiment towards CXO has changed. We think CXO isn't suitable for long-term hold but only for short-term trade in 2023. Buying low and selling high is a better strategy.</li>
</ul>


WuXi AppTec is facing how to keep high growth momentum under the high base of last year's performance.If there’s no high growth point with certainty,high valuation is hard to sustain.
The US wouldn’t stop tightening monetary policy until "it’s fully prepared".Investors need to consider a situation that high interest rate environment is longer than expected,under which CXO remains in trouble.
Market sentiment towards CXO has changed. We think CXO isn't suitable for long-term hold but only for short-term trade in 2023. Buying low and selling high is a better strategy.


WuXi AppTec (2359.HK/603259.CH) - Not the Time to Be Happy Even After a Positive Profit Alert