On June 17, Jin10 reported that Daiwa issued a research report, believing that the intelligent robotics company UBTECH (09880.HK) possesses cutting-edge technology and has a strong market leadership position in the field of industrial humanoid robots. It initiated coverage with a "Buy" rating for UBTECH, setting a target price of HKD 114, based on a forecasted average price-to-sales ratio of 19 times from 2025 to 2026, which is similar to its average since going public in 2024. However, due to multiple rounds of equity financing, its valuation is significantly discounted by about 50% compared to its peers. Daiwa expects that even though UBTECH is likely to continue recording losses from 2025 to 2027, its average annual compound growth rate in revenue from 2024 to 2027 is expected to be approximately 70%, nearly leading the industry.
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Daiwa Securities has given a "Buy" rating on Youbi and set a target price of HKD 114.
On June 17, Jin10 reported that Daiwa issued a research report, believing that the intelligent robotics company UBTECH (09880.HK) possesses cutting-edge technology and has a strong market leadership position in the field of industrial humanoid robots. It initiated coverage with a "Buy" rating for UBTECH, setting a target price of HKD 114, based on a forecasted average price-to-sales ratio of 19 times from 2025 to 2026, which is similar to its average since going public in 2024. However, due to multiple rounds of equity financing, its valuation is significantly discounted by about 50% compared to its peers. Daiwa expects that even though UBTECH is likely to continue recording losses from 2025 to 2027, its average annual compound growth rate in revenue from 2024 to 2027 is expected to be approximately 70%, nearly leading the industry.