Core Viewpoint - The management of Geek+ (02590) emphasizes strong order volume year-to-date, with U.S. orders growing rapidly despite price increases in the first half of the year, now accounting for over 30% of total orders [1] Group 1: Financial Performance - The company expects the contribution from the U.S. market to enhance gross margins by 2026 [1] - The target price remains unchanged at HKD 38, with a "Buy" rating reaffirmed by Daiwa [1] Group 2: Market Opportunities - Management anticipates a significant order from a major U.S. retailer, involving a non-U.S. overseas warehouse project worth USD 30 million [1] - The company has also secured a large order exceeding RMB 300 million from a major South Korean e-commerce platform [1] Group 3: Future Outlook - Based on current order reserves, management is confident in maintaining high revenue growth through 2026 [1]
大和：极智嘉-W(02590)订单量强劲 近期股价回调提供入市时机