WuXi Alliance (02268) rose 7.5 percent in early tradinggameblockchainfreetoplay.79%gameblockchainfreetoplay, currently quoted at HK$20.20, with a turnover of HK$52.16 million.

Recently, Morgan Stanley issued a report stating that it would raise WuXi Joint's earnings per share forecast for the fiscal year 2024 by 3%. For fiscal year 2025 - 2026, it will be lowered by 2% and 8% respectively to reflect the bank's updated revenue growth assumptions for WuXi Alliance and the slowdown in profit margin improvement due to the company's launch of production capacity.

In addition, the bank's net profit forecast for WuXi Alliance for the fiscal years 2024 to 2026 is 700 million yuan, 1 billion yuan and 1.5 billion yuan respectively. As for the 2023 - 2026 fiscal year, the adjusted annual compound growth rate of earnings is expected to be 55%, which will be much higher than that of global peers. To reflect WuXi Alliance's aggressive capital expenditure plan for fiscal year 2024 and the next few years. Morgan Stanley lowered its target price for WuXi Alliance from HK$40.6 to HK$39, giving it an "overweight" rating.