中国工业行业 - 关于人形机器人股票上涨的思考China Industrials-Thoughts on the Humanoid Stock Rally

The China humanoid value chain stocks have rallied 13.5% since September 5, driven by intensive Tesla Optimus updates. We expect the strong sentiment to continue as catalysts are still coming, but we also need watch for any disappointments to the downside. Since Sep 5, China-listed humanoid value chain stocks have rallied 13.5%, vs. MSCI's 4.4% rise. Humanoid body stocks gained the most, rising 15.7%. We think recent updates on Tesla Optimus have been the key catalyst. On Sep 5, Tesla proposed a long-term c ...