11 January 2026 | 3:33PM HKT Equity Research Moons' Electric (603728.SS) D/G to Sell on continuously evolving dexterous hand technology roadmap and narrowed opportunity for coreless motor 603728.SS 12m Price Target: Rmb41.40 Price: Rmb73.26 Downside: 43.5% We downgrade Moons' Electric from Neutral to Sell with a 12-month target price of Rmb41.4, implying 43% downside vs. 7%/47% average downside for overall/Sell-rated names in our China Industrial Tech coverage. We revise down our global market share expecta ...