BUZZ-Ubtech Robotics rises on securing $4.2 million robot contract
Reuters
Sep 29
BUZZ-Ubtech Robotics rises on securing $4.2 million robot contract
** Shares of Chinese humanoid robot maker Ubtech Robotics Corp 9880.HK rise 5.3% to HK$140.8, on track for the biggest one-day pct gain since September 17
** Stock is the second-biggest pct gainer on Hang Seng sub-index tracking information technology firms .HSCIIT, which is up 1.3%
** Ubtech said it has signed a procurement contract with Miracle Automation Engineering002009.SZ for Walker S series industrial humanoid robots for a total of 30 mln yuan ($4.21 mln)
** Says the delivery is scheduled to complete by end of 2025
** YTD, Ubtech stock up 154.6%, Hang Seng Tech Index .HSTECH up 40.7%
($1 = 7.1201 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.