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<Research>Citi: CN Humanoid Robot Firms Expect Exponential Rev. Growth Next Yr; Top Pick UBTECH ROBOTICS
Recommend 9 Positive 17 Negative 7 |
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Citi disclosed in its report that it met with five humanoid robot-related companies between last Tuesday and Thursday (November 18-20), namely UBTECH ROBOTICS (09880.HK), ORBBEC (688322.SH), LY ITECH (002600.SZ), LEADER HARMONIOUS (688017.SH), and ZHEJIANG RONGTAI (603119.SH). The report highlighted that the discussions supported Citi's positive outlook on the industry. All five companies expect exponential growth, or at least a YoY doubling, in revenue related to humanoid robots next year, given that both Chinese and US humanoid robot companies are accelerating production. They also believe that the US new energy vehicle and humanoid robot leaders have already expedited supply chain construction and increased production capacity. Citi has kept UBTECH ROBOTICS as its top pick in the humanoid robot sector. AAStocks Financial News |
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