On June 30, WuXi AppTec rose 3.27% in regular trading, trading at 158.2 HKD/share, with turnover of 213 million HKD.

On the news front, the company announced the completion of both its stock buyback programs: a 1 billion RMB A-share repurchase plan (accumulating 9.7012 million shares at prices between 95.11-118.48 RMB) and a 2.5 billion HKD H-share reward trust plan (accumulating approximately 20.15 million H shares). The repurchased A-shares will be used for employee stock ownership plans.

Simultaneously, Guojin Securities initiated coverage on the company with a Buy rating and a target price of 146.03 RMB, citing accelerating CDMO sector momentum and rapid volume growth in the Tides business segment, assigning a 25x PE valuation given the company's industry-leading position.

The broader CXO sector maintained strength, with peer WuXi XDC rising 1.46% and WuXi Biologics gaining 0.23%, reflecting continued positive sentiment across the contract research and manufacturing space.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)