Yamato: Extremely intelligent-Jia-W (02590.HK) has strong order volume, recent stock price correction provides entry opportunity.

According to the Zhitong Financial APP, Daiwa released a research report stating that the management of Geek+ (02590.HK) emphasized that the order volume has remained strong since the beginning of the year. Although prices have been raised in the first half of the year, orders from the United States are still growing at the fastest rate, currently accounting for over 30% of the total orders; it is expected that the increase in contribution from the U.S. market to sales will support the gross profit margin in 2026. The bank reiterated its "buy" rating and views Geek+ as the preferred choice in the global logistics AI field, with an unchanged target price of HK$38. They believe that the recent fluctuations in the stock price are mainly due to profit-taking, rather than a deterioration of fundamentals, providing investors with an attractive risk-reward opportunity.