** UBTech Robotics jumps 8.3% to HK$58.35, highest since Dec. 31, 2024
** Stock set to gain for the second straight session
** Chinese humanoid robots maker will buy back shares in the secondary market for up to 200 mln yuan ($27.3 mln); says that they are currently undervalued
** Adds board confident about co's operating results and future development prospects; may allocate additional funds for further share purchase later
** Citi reiterates "buy"
** Says, "Although the amount of repurchase is not significant, we think it shows management's commitment to stabilize UBTech's share price and boost investor confidence in the company"
** Last year, stock gained 64.3%
($1 = 7.3220 yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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