Guotai Haitong Securities: Raises the target price of Youbi Xuan to HKD 184.77 and maintains the "Overweight" rating

Cathay Pacific Tongda Securities released a research report stating that Ubitmore (09880) saw strong revenue growth last year, with sales of its embodied intelligence humanoid robot products exceeding 1,000 units. Last year, the company’s total humanoid robot order value was nearly RMB 1.4 billion. It expects the company to lead the development of the humanoid robot industry, and it is also optimistic about the company’s subsequent performance progress. It raised Ubitmore’s forecasts for attributable net profit for 2026 to 2027 by RMB 5 million and RMB 502 million, respectively. It also added a forecast for 2028 attributable net profit of RMB 799 million, and raised the target price to HKD 184.77, which implies a forward price-to-sales ratio of 22x. It continues to maintain a “Buy” rating.

(Editor: Dong Pingping)

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