On July 3, Ubtech Robotics rose 5.02% in regular trading, trading at HKD 100.6/share, with turnover of HKD 790 million.
On the news front, despite a 9.92% decline in the previous trading session, Southbound Capital net purchased HKD 397 million worth of Ubtech shares on July 2, ranking first among all Southbound net purchases that day. This significant institutional buying signals strong confidence in the company's medium-term prospects and has provided momentum for the stock's short-term recovery.
The buying activity comes on the heels of the company's official launch of the UWORLD U1 Series ultra-bionic humanoid robots on June 30, which generated over 13,000 orders across all channels. The U1 series spans a price range of RMB 119,800 to RMB 990,000, covering both B-end industrial applications and C-end consumer companionship scenarios. Deliveries are planned to commence from mid-September. Morgan Stanley recently raised its forecast for China's humanoid robot shipments this year to 50,000 units, nearly double its prior estimate, reflecting accelerating sector commercialization.
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