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<Research>CICC Initiates Coverage on UBTECH ROBOTICS (09880.HK) w/ Rating Outperform/ TP $138
Recommend 7 Positive 10 Negative 3 |
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CICC published a research report initiating coverage on UBTECH ROBOTICS (09880.HK), with rating at Outperform and a target price of $138. The broker stated that the Company is a pioneer in embodied intelligence robots, and expected the Company's 2025-2026 revenue to be RMB2 billion and RMB2.7 billion respectively. The Company is projected to have net losses attributable to the parent company of RMB810 million and RMB520 million for 2025 and 2026 each. CICC believed that humanoid robot technology was well prepared and UBTECH ROBOTICS is leading in mass production. Potential catalysts include the launch of new humanoid robot products and batch orders from major clients. AASTOCKS Financial News Website: www.aastocks.com |
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