Estun Automation Rides Rise in Demand for Industrial Robots -- Market Talk
Estun Automation Rides Rise in Demand for Industrial Robots -- Market Talk
0521 GMT - Estun Automation is likely to gain from growing demand for automation, Daiwa Capital says. The Japanese bank initiates coverage on the stock with an outperform rating and a CNY32 target price. Continued market-share gains in industrial robots, margin growth and easing raw material costs could help drive Estun's adjusted net profit growth in 2022, Daiwa says. The company's industrial-robot segment could grow at a 38% CAGR in revenue over 2020-23, as it is one of the few companies globally with strong core technology needed to produce industrial robots, Daiwa adds. Shares are 1.1% lower at NY28.13. (justina.lee@wsj.com)
0521GMT-大和資本表示，Estun Automation可能會從日益增長的自動化需求中獲益。這家日本銀行以強於大盤的評級和人民幣32元的目標價啟動了對該股的覆蓋。大和表示，工業機器人市場份額的持續增長，利潤率的增長，以及原材料成本的下降，可能有助於推動Estun在2022年調整後的淨利潤增長。大和補充説，該公司的工業機器人部門在2020-23年的收入年複合增長率可能達到38%，因為它是全球少數幾家擁有生產工業機器人所需的強大核心技術的公司之一。股價下跌1.1%，至NY28.13。(justina.lee@wsj.com)