Daiwa Securities said UBTech Robotics (09880) delivered first-half results significantly above market expectations, according to ETNet.

The broker expects broader commercialization in the second half of 2026, with management guiding faster production and deliveries in the same period as industrial deployments expand among customers in automotive, electronics, semiconductors, logistics and aviation.

Based on these operating developments, Daiwa maintains a Buy rating on UBTech.