HK Stock Market Move | JOHNSON ELEC H(00179) rises more than 6%, the company enters the humanoid competition track of Siasun Robot & Automation. Institutions are optimistic about its opening up growth space.

JOHNSON ELEC H (00179) rose more than 6%, rising by 6.29% to 15.2 Hong Kong dollars, with a trading volume of 130 million Hong Kong dollars as of the time of writing. On the news front, JOHNSON ELEC H recently announced that as part of its strategic development, the company is actively exploring opportunities in Siasun Robot & Automation, warehouse automation, medical equipment, humanoid robot parts, and other emerging areas. It aims to expand into high-growth markets using its expertise in drive systems, including the development and provision of prototypes for humanoid robot parts. At the same time, it is evaluating a range of potential business opportunities, including strategic alliances and other forms of cooperation, to support its growth plans. Currently, the company has not entered into any agreements as it is still in the early stages. Citigroup has given JOHNSON ELEC H a "buy" rating, raising its target price 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 US/EU, it has lowered its profit forecast for the fiscal year 2025 by 3% for Johnson Electric. However, with the development of new businesses, it has raised its earnings forecast for fiscal years 2026 and 2027 by 1% to 2%. Huaxin Securities believes that there is a high correlation between the automotive industry chain and the humanoid Siasun Robot & Automation industry chain. They are optimistic that automotive companies with strong comprehensive strength entering the humanoid Siasun Robot & Automation track can unlock their growth potential.