HK Stock Market Move | DOBOT(02432) closing price surged over 5% approaching previous high. DeepSeek is expected to significantly accelerate the company's commercialization speed.

DOBOT (02432) rose more than 5% in the afternoon session, reaching a high of HK$28.25, approaching the previous high of HK$28.5. As of press time, it was up 4.85% at HK$28.1, with a turnover of HK$2478.48 million. Public information shows that DOBOT Technology is mainly engaged in the design, development, manufacturing, and commercialization of collaborative Siasun Robot & Automation. According to the Zhoushi Consulting report, 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%. It is worth noting that the Hang Seng Index will undergo a new round of reviews on February 21, with an estimated 23 targets expected to enter the Hong Kong stock connect, including DOBOT. Guotai Junan pointed out that the biggest technical obstacle to producing feasible collaborative Siasun Robot & Automation products in China was AI software, mainly constrained by computing power. The release of Deepseek has led us to reduce our estimate of computing power requirements by 90%, greatly accelerating our timeline for the company to scale up its products. As a result, the certainty of the collaborative Siasun Robot & Automation market growing at an expected rate of 40-50% per year has significantly increased, reducing investment risk and increasing the company's valuation.