Core Viewpoint - The report from CMB International highlights the competitive advantage of Geek+ due to its innovative autonomous mobile robot (AMR) technology, with significant growth potential in the warehouse logistics sector driven by increasing AMR penetration rates [1] Group 1: Company Overview - Geek+ operates in 40 countries and serves over 800 end customers, with 72% of its revenue expected to come from overseas by 2024 [1] - As the first publicly listed warehouse AMR company in Hong Kong, Geek+ possesses unique value in the market [1] Group 2: Financial Projections - The company is projected to achieve a compound annual growth rate (CAGR) of 34% in revenue from 2024 to 2027 [1] - Significant profitability is anticipated starting in 2026 [1] Group 3: Investment Rating - CMB International initiates coverage on Geek+ with a "Buy" rating and sets a target price of HKD 26.7, which corresponds to a price-to-sales ratio of 7.7 times the forecast for 2026 [1]
大行评级｜招银国际：首次覆盖极智嘉，给予“买入”评级及目标价26.7港元
Ge Long Hui·2025-08-15 06:13