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<Research> JPM Raises UBTECH ROBOTICS (09880.HK) Walker S Series Humanoid Robot Shipment Target, Maintains Overweight
Recommend 6 Positive 14 Negative 1 |
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JPM issued a report stating that UBTECH ROBOTICS (09880.HK) held an investor meeting after its results announcement. Management positioned 2026 as a year of "large-scale commercialization" and significantly raised the shipment target for the Walker S series humanoid robots from 2,0003,000 units to 5,000 units, with production capacity planning moving toward 10,000 units. The bank cited management as emphasizing that while government orders remain a key driver, the company also acknowledged the need to shift toward more industrial and overseas deployments to demonstrate the sustainability of its business model. Management expressed confidence in further improving gross margin, targeting an increase in the groups gross margin to 43%44% (FY2025: 37.7%), and expects to achieve breakeven earlier than the original 2027 timetable. JPM maintained its Overweight rating on UBTECH ROBOTICS with a TP of HKD169. (ec/j) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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