Jin10 data reported on September 5th that China Merchants Securities International issued a report indicating an upward revision of the revenue forecasts for Unibot (09880.HK) for 2025-2027 by 5%/4%/7%, with a narrowing of loss forecasts by 4%/2%/22%. At the same time, the target price for the group was raised by 27%, from HKD 110 to HKD 140, corresponding to a price-to-sales ratio of 21.7 times in 2026. The report maintains a "buy" rating. It stated that Unibot significantly narrowed its losses in the first half of this year, with small-scale deliveries of Bots, and is expected to see higher trade volumes starting in the second half of the year. Additionally, with the strong rise in robot orders, it has adjusted its shipment guidance, expecting total deliveries to exceed 800 units for the year. Furthermore, the group has guided that operating cash flow will turn positive by 2026, with conservative financial estimates predicting a return to profitability in 2027.
