UBTECH ROBOTICS (09880) surged nearly 5% again, and as of press time, the stock was up 4.39% to HK$104.7 with a trading volume of HK$3.047 billion. On the news front, UBTECH ROBOTICS has formally signed a $1 billion strategic partnership agreement with internationally renowned investment institution Infini Capital. In addition, both parties have reached multiple strategic cooperation arrangements: Infini Capital plans to increase its holdings in UBTECH ROBOTICS shares at an appropriate time to become an important shareholder with no more than 5% stake; both parties will jointly invest in the upstream and downstream industrial chain of humanoid robots; meanwhile, both parties plan to establish super factories, research and development centers, and Middle East headquarters in the Middle East. Citi published a research report stating it was encouraged by UBTECH ROBOTICS' first-half performance. The company raised its humanoid robot delivery guidance for this year from 300-500 units to over 500 units, and predicted deliveries of 2,000-3,000 units next year, due to better-than-expected progress in the automotive, auto parts, and electronics industries. The bank therefore raised its revenue forecasts for the company for this year and next year by 2% and 13% respectively, and increased the target price from HK$98 to HK$121, reflecting a more optimistic outlook for humanoid robots, with a "Buy" rating.