CMBI Lowers HORIZONROBOT-W (09660.HK) Price Target to $10 Due to Strong Growth Potential and Distinct Market Position
Company Growth Potential: HORIZONROBOT-W has been identified as having high growth potential, with management raising revenue CAGR guidance from 50% to 60% following the launch of their HSD solution.
Market Positioning and Collaborations: The company is increasing its market share in urban NOA solutions and is set to pilot robotaxis, collaborating with global tier-1 suppliers to expand into overseas markets.
Target Price Adjustments: CMBI has adjusted its target price for HORIZONROBOT-W from $12.3 to $10, maintaining a "Buy" rating based on a projected 13x PS ratio for 2027.
Upcoming Product Launches: The company plans to launch the Agentic CAR cabin-driving fusion system chip this year, with mass production expected by the end of 2026, aligning with Qualcomm's product launch.
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CMSI Research: HORIZONROBOT-W (09660.HK) Exceeds 2H25 Revenue Expectations; 2026/2027 Revenue Projections Increased
Revenue Growth: HORIZONROBOT-W reported a 51% year-over-year revenue growth to RMB2.19 billion in 2H25, surpassing market expectations, despite an adjusted net loss widening to RMB1.51 billion due to increased R&D investments.
Market Analysis: CMSI raised its revenue forecasts for HORIZONROBOT-W for 2026 and 2027 by 9% and 10% respectively, citing an improved product mix with a higher volume of high-end products, while maintaining an Overweight rating and a target price of $13.8.
CMBI Lowers HORIZONROBOT-W (09660.HK) Price Target to $10 Due to Strong Growth Potential and Distinct Market Position
Company Growth Potential: HORIZONROBOT-W has been identified as having high growth potential, with management raising revenue CAGR guidance from 50% to 60% following the launch of their HSD solution.
Market Positioning and Collaborations: The company is increasing its market share in urban NOA solutions and is set to pilot robotaxis, collaborating with global tier-1 suppliers to expand into overseas markets.
Target Price Adjustments: CMBI has adjusted its target price for HORIZONROBOT-W from $12.3 to $10, maintaining a "Buy" rating based on a projected 13x PS ratio for 2027.
Upcoming Product Launches: The company plans to launch the Agentic CAR cabin-driving fusion system chip this year, with mass production expected by the end of 2026, aligning with Qualcomm's product launch.
<M Stanley Analysis> Ratings and Target Prices for Chinese Automakers (Table)
BYD Company Performance: BYD Company (01211.HK) saw a stock increase of 1.392% with a short selling ratio of 27.320%, and analysts maintain an "Overweight" rating with a target price of HK$126, highlighting advancements in their 2nd-Gen Blade Battery technology.
Geely Auto Update: Geely Auto (00175.HK) experienced a significant rise of 8.525% in stock price, with a short selling ratio of 17.295%, and is also rated "Overweight" with a target price of HK$25.
Other Automotive Stocks: GAC Group (02238.HK) and Dongfeng Group (00489.HK) are rated "Overweight" with minor stock increases, while BAIC Motor (01958.HK) faced a slight decline and is rated "Equalweight."
Analyst Ratings on BYD: Multiple analysts, including CICC and M Stanley, have reiterated their "Overweight" ratings on BYD, emphasizing its technological breakthroughs and the launch of the 2nd-Gen Blade Battery, which enables fast charging capabilities.
G Sachs APAC Conviction List Updates: Alibaba (BABA.US) Added, HORIZONROBOT-W Removed
Goldman Sachs Report: Goldman Sachs has added Alibaba (BABA.US) to its APAC Conviction List while removing HORIZONROBOT-W (09660.HK), highlighting Alibaba's expected robust EPS growth of 31% and 36% for FY27 and FY28, respectively.
Market Insights: The report indicates that Alibaba's earnings may be temporarily squeezed in 2HFY26, but its leadership in AI and cloud services, along with a recovery in its e-commerce business, positions it well for future growth.
Short Selling Data: The report includes short selling data for other companies, with MAO GEPING (01318.HK) and GUMING (01364.HK) also listed, showing significant short selling ratios.
Valuation Concerns: Goldman Sachs believes that Alibaba's current valuation does not adequately reflect its comprehensive AI deployment and the potential of its international cloud business.
UBS Reveals Top Preferred Companies for Chinese Firms (Table)
UBS Research Report: UBS has released a report highlighting its preferred Chinese companies, all rated as Buy, with new additions including SYTECH, DONGFANG ELEC, and ENVICOOL.
Stock Performance: The report notes significant stock movements, with DONGFANG ELEC seeing a 15.117% increase, while companies like SUNGROW POWER and NetEase experienced declines.
Short Selling Data: The report includes short selling statistics, indicating high short selling ratios for several companies, such as HORIZONROBOT-W and ZIJIN MINING.
Market Insights: Related news from CICC suggests that increasing risks of power outages in Europe and the US may create opportunities for power equipment providers.
HSBC Research: BYD's Introduction of 'Super e-Platform' Could Enhance Technology Standards; Autonomous Driving Achievements Expected Soon
BYD's Upcoming Launch: BYD COMPANY is set to launch the "Super e-Platform" in early March, which is expected to improve technical standards, particularly in range and efficiency, and influence competitive strategies in the second quarter.
Market Trends and Caution: Preliminary data from mid-February should be interpreted cautiously due to the Lunar New Year impact, with expectations for trends to normalize in March and April.
Investment Recommendations: HSBC Global Investment Research recommends investing in companies with scale and clear catalysts, favoring BYD, LEAPMOTOR, XPeng, HORIZONROBOT, CATL, and TUOPU GROUP.
Stock Ratings and Target Prices: The report includes investment ratings and target prices for various stocks, with BYD COMPANY rated as a "Buy" with a target price of HK$139.
CMSI Research: HORIZONROBOT-W (09660.HK) Exceeds 2H25 Revenue Expectations; 2026/2027 Revenue Projections Increased
Revenue Growth: HORIZONROBOT-W reported a 51% year-over-year revenue growth to RMB2.19 billion in 2H25, surpassing market expectations, despite an adjusted net loss widening to RMB1.51 billion due to increased R&D investments.
Market Analysis: CMSI raised its revenue forecasts for HORIZONROBOT-W for 2026 and 2027 by 9% and 10% respectively, citing an improved product mix with a higher volume of high-end products, while maintaining an Overweight rating and a target price of $13.8.
CMBI Lowers HORIZONROBOT-W (09660.HK) Price Target to $10 Due to Strong Growth Potential and Distinct Market Position
Company Growth Potential: HORIZONROBOT-W has been identified as having high growth potential, with management raising revenue CAGR guidance from 50% to 60% following the launch of their HSD solution.
Market Positioning and Collaborations: The company is increasing its market share in urban NOA solutions and is set to pilot robotaxis, collaborating with global tier-1 suppliers to expand into overseas markets.
Target Price Adjustments: CMBI has adjusted its target price for HORIZONROBOT-W from $12.3 to $10, maintaining a "Buy" rating based on a projected 13x PS ratio for 2027.
Upcoming Product Launches: The company plans to launch the Agentic CAR cabin-driving fusion system chip this year, with mass production expected by the end of 2026, aligning with Qualcomm's product launch.
<M Stanley Analysis> Ratings and Target Prices for Chinese Automakers (Table)
BYD Company Performance: BYD Company (01211.HK) saw a stock increase of 1.392% with a short selling ratio of 27.320%, and analysts maintain an "Overweight" rating with a target price of HK$126, highlighting advancements in their 2nd-Gen Blade Battery technology.
Geely Auto Update: Geely Auto (00175.HK) experienced a significant rise of 8.525% in stock price, with a short selling ratio of 17.295%, and is also rated "Overweight" with a target price of HK$25.
Other Automotive Stocks: GAC Group (02238.HK) and Dongfeng Group (00489.HK) are rated "Overweight" with minor stock increases, while BAIC Motor (01958.HK) faced a slight decline and is rated "Equalweight."
Analyst Ratings on BYD: Multiple analysts, including CICC and M Stanley, have reiterated their "Overweight" ratings on BYD, emphasizing its technological breakthroughs and the launch of the 2nd-Gen Blade Battery, which enables fast charging capabilities.
G Sachs APAC Conviction List Updates: Alibaba (BABA.US) Added, HORIZONROBOT-W Removed
Goldman Sachs Report: Goldman Sachs has added Alibaba (BABA.US) to its APAC Conviction List while removing HORIZONROBOT-W (09660.HK), highlighting Alibaba's expected robust EPS growth of 31% and 36% for FY27 and FY28, respectively.
Market Insights: The report indicates that Alibaba's earnings may be temporarily squeezed in 2HFY26, but its leadership in AI and cloud services, along with a recovery in its e-commerce business, positions it well for future growth.
Short Selling Data: The report includes short selling data for other companies, with MAO GEPING (01318.HK) and GUMING (01364.HK) also listed, showing significant short selling ratios.
Valuation Concerns: Goldman Sachs believes that Alibaba's current valuation does not adequately reflect its comprehensive AI deployment and the potential of its international cloud business.
UBS Reveals Top Preferred Companies for Chinese Firms (Table)
UBS Research Report: UBS has released a report highlighting its preferred Chinese companies, all rated as Buy, with new additions including SYTECH, DONGFANG ELEC, and ENVICOOL.
Stock Performance: The report notes significant stock movements, with DONGFANG ELEC seeing a 15.117% increase, while companies like SUNGROW POWER and NetEase experienced declines.
Short Selling Data: The report includes short selling statistics, indicating high short selling ratios for several companies, such as HORIZONROBOT-W and ZIJIN MINING.
Market Insights: Related news from CICC suggests that increasing risks of power outages in Europe and the US may create opportunities for power equipment providers.
HSBC Research: BYD's Introduction of 'Super e-Platform' Could Enhance Technology Standards; Autonomous Driving Achievements Expected Soon
BYD's Upcoming Launch: BYD COMPANY is set to launch the "Super e-Platform" in early March, which is expected to improve technical standards, particularly in range and efficiency, and influence competitive strategies in the second quarter.
Market Trends and Caution: Preliminary data from mid-February should be interpreted cautiously due to the Lunar New Year impact, with expectations for trends to normalize in March and April.
Investment Recommendations: HSBC Global Investment Research recommends investing in companies with scale and clear catalysts, favoring BYD, LEAPMOTOR, XPeng, HORIZONROBOT, CATL, and TUOPU GROUP.
Stock Ratings and Target Prices: The report includes investment ratings and target prices for various stocks, with BYD COMPANY rated as a "Buy" with a target price of HK$139.
