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<Research>CMS Initiates Coverage on GEEKPLUS-W (02590.HK) w/ Rating Overweight/ TP $35, Expects Scaled Profitability This Yr
Recommend 10 Positive 7 Negative 2 |
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China Merchants Securities (CMS) initiated coverage on GEEKPLUS-W (02590.HK), with rating at Overweight and a target price of $35. The broker expected the Company's FY2025-2027 revenue to grow by 32.2%/ 31.9%/ 30.4% YoY, and FY2025/ 2026/ 2027 net profit to be -RMB10 million/ RMB280 million/ RMB600 million respectively. The broker believed that GEEKPLUS-W is the world's largest provider of warehouse fulfillment AMR solutions, addressing the pain points of traditional warehouse inefficiency, high costs and poor flexibility. AASTOCKS Financial News Website: www.aastocks.com |
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