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UBTECH ROBOTICS Once Rallies ~10% on Proposed Buyback of Max. RMB200M
Recommend 4 Positive 13 Negative 8 |
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UBTECH ROBOTICS (09880.HK) announced that the Board of Directors is confident in the Group’s operating results and future development prospects; the Board is of the view that the H Shares are currently undervalued; and it is an appropriate time to conduct the Share Purchase in order to further implement the Scheme. The Company currently expects to conduct Share Purchase at an aggregate consideration of not more than RMB200 million. Citi issued a report on UBTECH ROBOTICS with a Buy rating and a target price of $70. UBTECH ROBOTICS opened 4.4% higher at $56.25 today (20th), having risen 9.7% to peak at $59.15 in morning session. It last traded at $58.8, up 9.09%, with 7.4307 million shares traded, involving $427 million. AAStocks Financial News |
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