Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Deutsche Bank (ETR:DBKGn) initiated coverage on Beijing Geekplus Technology (HK:2590) with a Buy rating and a price target of HK$23.50 on Thursday.
The research firm cited Geekplus’s position in the autonomous mobile robots (AMRs) solutions market for warehouse automation, which is projected by CIC to grow at a 33% CAGR over 2024-29.
Deutsche Bank expects potential re-acceleration of the global warehouse automation market and the company’s sales growth following what it described as a slow period in 2023-24.
The bank highlighted Geekplus’s product and technology leadership as one of the global top players in the AMR solutions market as a key factor in its positive outlook.
Deutsche Bank also noted the company’s strong recognition among overseas customers, which represent over 70% of sales, in a market that offers higher profitability due to greater willingness to invest in labor substitution.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.