Deutsche Bank has issued a research report stating that the recent weakness in the share price of Geekplus-W (02590) presents an attractive entry opportunity. At its current price, Geekplus is valued at 4.2 times its projected 2026 price-to-sales ratio, making it one of the most attractively valued robotics companies in the Hong Kong stock market, where most peers trade at 13 times or higher. The bank reaffirmed its "buy" rating and increased its target price slightly from HK$32 to HK$32.5. Deutsche Bank believes the company has a clear path toward commercializing embodied AI, noting that its smart robotic arms and humanoid robots are well-suited for warehouse applications, supported by the firm's domain expertise and broad customer base. Management plans to deploy 300 to 500 embodied AI products this year. Additionally, the global warehouse automation market remains strong, and Geekplus's healthy order backlog provides revenue visibility for the year, given the typically long conversion cycles. Furthermore, benefiting from high customer repurchase rates and growing revenue from subscription-based service orders, recurring revenue is accounting for an increasingly larger portion of Geekplus's total income.