Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Well, let's take a look at some stocks on the
Speaker 3: move today in ASA. I'm Stephen Cara, and I'm joined
Speaker 3: by our equity supporter at Winnie Sue for more Winnie,
Speaker 3: good morning. Let's start with a big IPO from the
Speaker 3: humanoid robot maker Uni Tree. How is their first day
Speaker 3: in the market's going?
Speaker 1: Yeah, I would say it's a very successful first day
Speaker 1: at school. Now, I don't know if our audience knows
Speaker 1: much about Uni Tree Robotics, but they might have seen
Speaker 1: these viral videos earlier this year around the Chinese New Year,
Speaker 1: where these robots were just dancing and performing martial arts
Speaker 1: and very precise motion.
Speaker 4: So that is the maker of this these robots.
Speaker 1: Now, this company actually was shares We're up as much
Speaker 1: as six hundred and thirty percent at the open pairing
Speaker 1: a little bit, now up some four hundred percent or
Speaker 1: so after the company have raised about nine hundred and
Speaker 1: four million US dollars in its IPO in Shanghai.
Speaker 4: Now there is a lot.
Speaker 1: Of excitement when it comes to the retail space, because
Speaker 1: we actually saw the company. The portion was subscribed by
Speaker 1: over five thousand and five hundred times earlier in the month,
Speaker 1: and the excitement really shows up because it plays such
Speaker 1: a strategic role in this AI race between the US
Speaker 1: and China, and in fact, with this IPO, the company
Speaker 1: Unitree Robotics is now the very first publicly traded humanoid
Speaker 1: robot maker in mainland China and perhaps in fact the
Speaker 1: very first pure play humanoid robot stocks that we see
Speaker 1: on any public market, because most of them are actually
Speaker 1: private values. So another key point of this IPO is
Speaker 1: that it sets potentially the global valuation anchor of the
Speaker 1: whole humanoid space, So we really want to see how
Speaker 1: it goes to play out further. Obviously, fundamentals are quite strong.
Speaker 1: You have Deep Seek as the strategic sponsor, Plus you
Speaker 1: are seeing the industry really growing pretty fast, with JP
Speaker 1: Morgan expecting the Chinese market to take up about fifty
Speaker 1: percent of this whole humanoid robotics space by twenty thirty.
Speaker 1: So with that, we really want to see going forward
Speaker 1: how this dancing robot is actually going to become more
Speaker 1: commercially viable.
Speaker 3: Yeah, but a really interesting gauge, as you say, of
Speaker 3: investor appetite in that space. Winnie, let's go next to
Speaker 3: the Internet giant buy do shares plummeting after their latest earnings?
Speaker 1: Yeah, exactly, not too much appetite in that space, though
Speaker 1: when it comes to earnings, a pretty disappointing revenue falling
Speaker 1: for a fifth quarter. Now, the disappointment comes in different folds. Obviously,
Speaker 1: its core business in the advertisement business, which is usually
Speaker 1: quite hard high margin, continues to struggle because of the
Speaker 1: rivals from social media, but also these AI chatbots.
Speaker 4: But then outside of the core.
Speaker 1: Ads, you're looking at the AI space, which is also
Speaker 1: showing a slowdown in growth. Its model actually is not
Speaker 1: as good as the other open weight rivals, the likes
Speaker 1: of Moonshot Ai for example, so that part is also struggling.
Speaker 1: Then you combine that with the lack of visibility and
Speaker 1: its spin off of its chip unit quin Lunching, which
Speaker 1: was not really meant mentioned in the management call. So
Speaker 1: these are all showing up in the stock price, with
Speaker 1: shares plummeting about twelve percent at this point, and it
Speaker 1: is the latest example of how weaknesses is really showing
Speaker 1: up in these Chinese internet names with disappointing earnings earlier
Speaker 1: from Tencent and j dot Com as well.
Speaker 4: And we have Ali Baba to see tomorrow and just.
Speaker 3: Very briefly when he unshow me, we've got shares up
Speaker 3: in the company today.
Speaker 1: Yeah, So that's an interesting one because in fact, we
Speaker 1: did see the third quarter of profit decline, especially some
Speaker 1: weakness in the EV unit. But what investors really liked
Speaker 1: is how the smartphone business also was able to perform
Speaker 1: better than expected. Revenue was slightly better than the estimated
Speaker 1: thanks to its price hikes and the better product mix.
Speaker 1: And one important thing is that this is coming as
Speaker 1: we're seeing the stabilization when it comes to the rise
Speaker 1: in memory in memory chips, and that perhaps means that
Speaker 1: there's going to be less pressure on these names going on.
Speaker 2: All right, the Stock Movers report from Bloomberg Radio. Check
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Speaker 2: of companies making news on Wall Street and for the
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch
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