CMB Securities: Maintains "Buy" rating on Ubtech (09880.HK) and wins the world's largest humanoid robot order.

According to the Securities Times APP, CMB Securities released a research report stating that it maintains a "buy" investment rating on UBTECH Robotics Corporation Limited (09880.HK), with an estimated revenue of 1.891/2.662/3.621 billion yuan for the years 2025-2027, representing a year-on-year growth of 45%/41%/36%. The company has comprehensive technical layout in the field of humanoid robots, has conducted training in multiple well-known customer factories, and is expected to be the first to achieve commercialization.