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<Research>JPM Maintains Overweight on UBTECH ROBOTICS (09880.HK) Amid Concerns on 6 Rounds of Placements
Recommend 2 Positive 6 Negative 10 |
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JPMorgan, in its research report, lowered the target price of UBTECH ROBOTICS (09880.HK) from HKD178 to HKD154, citing that UBTECH has emerged as a high-growth company in the rapidly evolving humanoid robot industry in China, but the company has conducted six rounds of placements since its listing, which may raise attention and debate among investors. The frequent fundraising may reflect the capital intensity and competitive landscape of the industry, JP Morgan opined. It is anticipated that the company will secure three major government-led orders in November, which will drive an upward revision in revenue guidance by HSD and a lift in shipment targets. Additionally, its inclusion in the MSCI China Index could further enhance liquidity and market visibility. These favorable factors may continue to attract investor attention. The Overweight rating was maintained. AASTOCKS Financial News Website: www.aastocks.com |
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