Daiwa: Cuts JL Mag (06680.HK) target price by 25% to HK$18, maintains "outperform" rating

Zhitong Finance APP has learned that Daiwa has issued a research report stating that it has lowered the target price of JL Mag Rare-Earth (06680.HK) from HK$24 to HK$18, a 25% cut, while maintaining an "Outperform" rating. The bank said that the company's humanoid robot business revenue in the first nine months of 2026 was approximately RMB 8 million (the same unit below), and it is expected that full-year revenue for fiscal year 2026 will be approximately RMB 20 million.