Morgan Stanley: Expects GEEKPLUS-W stock price to rise in the next 30 days, rating "Overweight" with a target price of HKD 37

Morgan Stanley released a research report stating that it believes GEEKPLUS-W's stock price will rise in the next 30 days, with a probability of occurrence estimated at 70% to 80%. The recent decline in the stock price has made short-term valuations more attractive; additionally, the group's new order growth accelerated in the third quarter, indicating that the group's fundamentals remain strong, with no signs of a slowdown in growth. Morgan Stanley believes that the trend of AMR/robotic solutions in the global warehouse automation sector, along with GEEKPLUS's robust revenue growth and improving net profit margins, still exists, setting a target price of HKD 37 for the stock and rating it as "Overweight."