Daiwa's positive analyst rating for WUXI APPTEC is based on the company's strong financial performance in Q1 2025, with revenue and adjusted net profit exceeding expectations. The growth was driven by the small molecule CDMO business and an increase in project deliveries. Additionally, new orders in the TIDES business rose significantly, leading to confidence in future revenue growth. Daiwa has raised profit forecasts and increased the target price, maintaining a 'Buy' rating.
