1105 GMT - Geekplus is on track to report its first positive FY adjusted net profit, Deutsche Bank analysts say. The robotics company reported solid 1H results with healthy sales and order growth, and management expects the momentum to continue in 2H, writes Iris Zheng. The results are in line with the global trend among its warehouse automation peers, suggesting improved market conditions, Zheng says. New AI robot arms to further replace labor in warehouses could add 5%-10% to Geekplus's revenue in the mid-term, and its market-leading position places it to gain from the 33% CAGR estimated for the autonomous mobile robot industry over 2024-2029. High overseas exposure also offers attractive growth and profitability opportunities. DB lifts the stock's target to HK$26.00 from HK$23.50, and reiterates its buy call. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
September 02, 2025 07:05 ET (11:05 GMT)
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