Hong Kong Stock Alert | GEEKPLUS-W (02590) Rises Nearly 7% in Early Trading as Company Deepens Global Partnerships, Analysts Highlight Significant Potential Performance Elasticity

Stock News
Sep 12

GEEKPLUS-W (02590) surged nearly 7% in early trading. As of press time, the stock was up 5.77% to HK$23.46, with a turnover of HK$55.86 million.

On the news front, GEEKPLUS has recently deepened its global partnerships. The company has expanded its collaboration with Watsons Group to create the first robot fulfillment project in the Benelux region. Additionally, GEEKPLUS partnered with ECC to develop the first autonomous mobile robot project for South African e-commerce giant Takealot Group, which won the African Supply Chain Excellence Award. The company has also reached strategic partnerships with VARGO, a leading enterprise in warehouse execution software and system integration in the United States, and Zion Solutions Group, a leader in supply chain system integration in the US.

Furthermore, GEEKPLUS showcased three major picking solutions at the UK IMHX 2025 exhibition.

Industrial Securities released a research report stating that GEEKPLUS is a global leader in warehouse fulfillment AMR, with core algorithms building competitive barriers. The company's three major solutions meet customers' core demands, while its embodied intelligence layout expands long-term growth space. The company's business reaches globally with excellent overseas performance and high customer repurchase rates. Scale effects are gradually emerging, indicating significant potential performance elasticity.

Sinolink Securities noted that the company has established an embodied intelligence subsidiary to enhance capabilities in robotic picking and general robot manufacturing. The firm expects the company's intelligence advantages and scale effects to gradually manifest in the future.

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