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<Research>UOB Kay Hian Adds HORIZONROBOT-W (09660.HK) TP to $8.88, Rating Buy
Recommend 39 Positive 70 Negative 25 |
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HORIZONROBOT-W (09660.HK)'s 1H25 revenue rose by 67.6% YoY to RMB1.57 billion, representing 45% of the broker's full-year revenue forecast, benefiting from doubling hardware shipments, UOB Kay Hian released a research report saying. The Group expressed confidence in achieving an annual hardware delivery volume of 4 million units, with mid-to-high-end products contributing 50%. The management had a positive outlook for 2H25, expecting its latest ADAS solution HSD to become mainstream within 2-3 years. Based on a forecasted 2027 PS ratio of 9.2x, the broker added its target price from $7.45 to $8.88, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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