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JOHNSON ELEC H Rockets 13%+ on Establishment of 2 Humanoid Robotics Joint Ventures
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JOHNSON ELEC H (00179.HK) announced plans to establish two humanoid robotics joint ventures. Its stock price opened 3.96% higher today and once peaked at HKD26. It now traded at HKD25.7, up 13.22%, with a volume of 12.889 million shares, involving HKD318 million. Citi opined in its report that JOHNSON ELEC H has enhanced its component engineering competitiveness in its new business by strengthening its humanoid robotics operations in China. Given that JOHNSON ELEC H is on the right track to realize larger-scale business opportunities in the humanoid robotics market, Citi has added the company to its top pick list for China's industrial sector. JOHNSON ELEC H's target price was raised from HKD23.5 to HKD29, with a Buy rating remaining in place. AAStocks Financial News |
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