Movement Alert|Lead Intelligent Equipment Rises 4.04% in Regular Trading, Multiple Banks Raise Target Prices Plus Humanoid Robot Partnership as Catalyst

Market Focus05-20

On May 20, Lead Intelligent Equipment rose 4.04% in regular trading, trading at 52.3 HKD/share with trading volume of 18.623 million HKD, rebounding strongly after a 3.7% decline in the previous session.

On the news front, multiple major banks have recently raised their ratings and target prices for the company. Citi raised its H-share target price from 62 HKD to 67 HKD, maintaining a Buy rating, while upgrading earnings forecasts for this year and next by 10% and 9% respectively to reflect gradual improvement in revenue recognition. Morgan Stanley assigned an Overweight rating with an A-share target price of 87 RMB. Additionally, on May 13 the company signed a strategic cooperation agreement with the Beijing Humanoid Robot Innovation Center, a national-level embodied intelligence platform, to jointly promote the industrialization of humanoid robots from laboratory to production line. The partnership focuses on scenario integration, data infrastructure, industry standards, and mass production enablement. Furthermore, management expects solid-state battery orders to double to 2 billion RMB, with overseas and domestic clients each accounting for half.

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