Daiwa Reiterates 'Buy' on UBTECH as Humanoid Robot Deployment Accelerates
Daiwa Securities has reiterated its 'Buy' rating on UBTECH Robotics, pointing to accelerating commercial adoption of humanoid robots. The company delivered approximately 600 units of its Walker S2 industrial humanoid in the first half of the year, with several industrial clients placing repeat orders—evidence of strong product-market fit. This momentum signals growing confidence in humanoid robotics for real-world industrial applications.