0246 GMT - UBTECH Robotics looks well-positioned in the humanoid robots market, Daiwa Capital Markets analysts say in a research report. According to management, the Chinese company currently has over 1,000 humanoid robot unit orders for use in industrial applications and artificial-intelligence training. The company launched an advanced human-like humanoid robot in 2025 for commercial and consumer applications, the analysts note. Logistics is a significant and swiftly growing business segment for UBTECH Robotics to support the commercialisation of its humanoid robots, the analysts add. The brokerage initiates coverage of the stock with a buy rating and a target price of HK$114.00. Shares are 2.5% higher at HK$81.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 22:46 ET (02:46 GMT)
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