HSBC Global Research issued a research report initiating coverage on UBTECH ROBOTICS (09880.HK), with rating at Hold and a target price of $124 based on a projected 2027 PS ratio of 10x.
As the largest humanoid robot manufacturer in China, UBTECH ROBOTICS holds 2,790 patents. HSBC Global Research saw the Company has 3 major advantages, naming scarcity, clients and diversity, as the only listed humanoid robot maker in China, with comprehensive partnerships with several auto OEMs, and the auto industry being the most promising downstream sector.
The report suggested UBTECH ROBOTICS' valuation premium stems from its status as the only listed humanoid robot manufacturer. However, as more Chinese humanoid robot companies announce listing plans, HSBC Global Research forecasted its valuation multiples to converge with Tesla(TSLA.US) in the long term.
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AASTOCKS Financial News
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| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| UBTEC (C) |
19588 |
148.9 (-) |
0.175 |
2.8 X |
| UBTEC (Bull) |
60291 |
75 (85) |
0.350 |
3.1 X |
| TSLA (C) |
10688 |
420 (-) |
0.260 |
6.4 X |
| TSLA (P) |
10692 |
280 (-) |
0.181 |
5.4 X |
