Hong Kong Stock Market Update: UBTECH ROBOTICS surged nearly 19% in early trading. The company was recently included in the Hong Kong Stock Connect. The commercialization of humanoid robots is promising in the future.

Zhitong
2024.03.08 01:38
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UBTECH ROBOTICS surged nearly 19% in early trading, and as of the time of writing, it rose by 3.14% to HKD 210.4, with a turnover of HKD 52.6429 million. Shanghai Securities pointed out that on March 4th, UBTECH ROBOTICS was included in the Hang Seng Composite Index and the Hang Seng Shanghai-Hong Kong Stock Connect Greater Bay Area Composite Index, officially entering the list of securities eligible for trading under the Stock Connect scheme. On February 22nd, a video released by UBTECH ROBOTICS showed that their industrial humanoid robot, Walker S, was undergoing training at the NIO-SW new energy vehicle factory. Foreign company Tesla's official recruitment website posted new job openings for Tesla Bot system engineers. We believe that both domestic and foreign humanoid robot manufacturers are making continuous progress, indicating a promising future for the commercialization of humanoid robots. China Everbright Securities stated that 2024 will be the eve of mass production for humanoid robots. To identify suitable application scenarios and quickly complete debugging in established settings, humanoid robots will be extensively involved in industrial interactions to prepare for true mass production. As the mass production milestone approaches and product design is finalized, suppliers will enter a capital expenditure cycle, with positive prospects for related upstream equipment manufacturers.

Zhitong App learned that UBTECH ROBOTICS (09880) surged nearly 19% in early trading, with a 3.14% increase as of the time of publication, reaching HKD 210.4, with a turnover of HKD 52.6429 million.

Shanghai Securities pointed out that UBTECH ROBOTICS was included in the Hang Seng Composite Index and the Hang Seng Shanghai-Hong Kong Stock Connect Greater Bay Area Composite Index on March 4. It officially entered the list of securities eligible for trading under the Stock Connect. On February 22, UBTECH ROBOTICS officially announced in a video that their industrial humanoid robot Walker S has been "training" at the NIO-SW new energy vehicle factory. Foreign manufacturer Tesla's recruitment website shows the addition of Tesla Bot System Engineer positions. We believe that both domestic and foreign humanoid robot manufacturers are making continuous progress, indicating a promising future for the commercialization of humanoid robots.

Guangda Securities stated that 2024 will be the eve of mass production of humanoid robots. In order to find suitable application scenarios and quickly complete debugging in established scenarios, humanoid robots will be intensively involved in industrial interactions to prepare for true mass production. As the mass production milestone approaches and product finalization is completed, suppliers will enter a capital expenditure cycle, showing optimism for related upstream equipment suppliers.

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