HESAI-W (02525.HK) Rises Approximately 16% in Early Trading Following Launch of Self-Developed RISC-V LiDAR Main Control Chip 'FMC500'
Hesai's Stock Performance: Hesai's shares surged 15.61% to HKD148.9, with a significant turnover of HKD90.94 million, while its US shares rose 18.1% to USD18.22.
New Product Launch: The company announced the release of its advanced intelligent main control chip “FMC500” and the unique “photon isolation” safety technology, now integrated into its main LiDAR products.
Analyst Coverage: CICC initiated coverage on Hesai's H shares with an Outperform rating and a target price of HKD182.5, highlighting its market leadership and profitability milestone.
Peer Company Update: ROBOSENSE's shares increased by 3.78% to HKD32.38, with a turnover of HKD114 million, amidst a backdrop of significant short selling activity.
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HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Plummets Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and HORIZONROBOT, experienced notable short selling, with ratios indicating increased bearish sentiment among investors.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Drops Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the morning of the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and BIDU-SW, experienced notable short selling, with ratios indicating a high level of bearish sentiment among investors.
