Citi Research issued a research report expecting that WUXI XDC (02268.HK) +0.200 (+1.393%) Short selling $2.54M; Ratio 20.443% will deliver desired results in 1H24 due to strong demand for its projects, with earnings expected to grow by 57% YoY, compared to the market's forecast of a 48% growth.
In addition, the management also said that the order trend is favorable.
Related NewsNomura Lowers WUXI XDC (02268.HK) TP to $28.91, Reflecting Volatile Mkt & Geopolitical Uncertainty
Citi Research opened an upside 30-day catalyst watch on WUXI XDC, with a target price of $41 and rating at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-25 16:25.)
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