HK Stock Market Move | Johnson Electric Holdings (00179) rose by more than 3%. Citi expects the company to provide more information on the new business of Siasun Robot & Automation motor systems when it releases its performance.

JOHNSON ELEC H (00179) rose more than 3%, reaching 3.57% as of the time of writing, at 14.52 Hong Kong dollars, with a turnover of 59.2418 million Hong Kong dollars. Citibank released a research report, giving JOHNSON ELEC H a "buy" rating, with a target price raised from 14 Hong Kong dollars to 19 Hong Kong dollars. The bank stated that due to weak demand for automotive products (APG) and industrial products (IPG) in the United States and the European Union, it lowered its profit forecast for Dechang's fiscal year 2025 by 3%, but with the development of new businesses, it raised its earnings per share forecast for fiscal years 2026 to 2027 by 1% to 2%. The bank expects the company's performance for fiscal year 2025 to focus more on the latest developments in the humanoid Siasun Robot & Automation motor system new business. In addition, the bank noted that in the A-share industry, Jiangsu Leili Motor and Shenzhen Topband have also begun to expand from the current automotive, home appliance, and power tool applications to the humanoid Siasun Robot & Automation business related to automotive systems.