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<Research>G Sachs Continues to Like HORIZONROBOT-W (09660.HK) as Mgmt Remains Optimistic About 2026 Biz Growth
Recommend 53 Positive 101 Negative 27 |
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Last Friday (9th), Goldman Sachs met with the CFO of HORIZONROBOT-W (09660.HK) in Beijing, according to Goldman Sachs' research report. The Company's management remains optimistic about 2026 business growth, primarily driven by the ongoing development of smart driving in China, localization trends, and the Company's continuous upgrade of its autonomous driving (AD) product mix. Goldman Sachs continued to favor HORIZONROBOT-W due to its strong R&D capabilities in chipsets and software, its increasing penetration among local auto OEM clients, and its enhancement of USD value through product mix upgrades. Therefore, the broker kept rating at Conviction List Buy for the stock, with a target price of $15.3. The Company is also developing chipsets integrating smart cockpit and smart driving, competing with Qualcomm (QCOM.US), and aiming to release them in 2Q26. Looking ahead to 2026, HORIZONROBOT-W's management remained optimistic about growth, expecting revenue growth to outpace shipment growth, primarily driven by product mix upgrades. By customers, GEELY AUTO (00175.HK) is expected to be one of the customers with strong growth this year, while BYD COMPANY (01211.HK) continues to be a major revenue contributor, followed by other smaller contributors such as CHERY AUTO (09973.HK), CHANGAN AUTOMOBILE (000625.SZ) and FAW, etc.. AASTOCKS Financial News Website: www.aastocks.com |
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