HK Stock Market Move | DOBOT (02432) surged over 11% to hit a new high. The company has already launched 27 models of collaborative Siasun Robot & Automation. Institutions believe that it is likely to enter the Hong Kong Stock Connect.

DOBOT (02432) rose more than 11%, reaching a high of 28.5 Hong Kong dollars during the trading session, setting a new record since its listing. As of the deadline, it rose by 10.4% to 27.6 Hong Kong dollars, with a turnover of 17.727 million Hong Kong dollars. It is reported that DOBOT Technology is mainly engaged in the design, development, manufacturing, and commercialization of collaborative Siasun Robot & Automation. According to a report by Burning Rock Consulting, based on the shipment volume in 2023, DOBOT Technology ranks second in the global collaborative Siasun Robot & Automation industry, and ranks first among all collaborative Siasun Robot & Automation companies in China, with a global market share of 13.0%. So far, DOBOT Technology has launched 4 series and a total of 27 models of collaborative Siasun Robot & Automation, which can meet the needs of many industries such as manufacturing, retail, healthcare, STEAM education, and research. The company has sold over 53,000 units of collaborative Siasun Robot & Automation globally. Furthermore, the DOBOT X-Trainer Al Siasun Robot & Automation operating platform uses high-quality remote operation to collect task data, trains it through neural networks, and achieves autonomous operation similar to autonomous driving with an end-to-end response speed of up to 24hz and training time of just 2 hours, reducing the time for complex tasks by 70% compared to traditional methods. It is worth mentioning that the Hang Seng Index will have a new round of review results on February 21, with the adjustment taking effect on March 10, and the Hong Kong stock connect will also be adjusted accordingly. CITIC SEC estimates that 23 targets, including DOBOT, will enter the Hong Kong stock connect.