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<Research>CLSA: HORIZONROBOT-W (09660.HK) Product Progress Shall Gain Mkt Recognition; Rating Kept at Outperform
Recommend 23 Positive 39 Negative 10 |
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HORIZONROBOT-W (09660.HK) launched the industry's first all-in-one cockpit-driving chip, Starry 6, at its annual product launch event, CLSA released a research report saying. Of which, the 6P version adopts a 5-nanometer process, with a computing power of 650 TOPS. Against the backdrop of rising memory prices, Starry 6 can help automakers save approx. RMB1,500-4,000 in costs per vehicle. CLSA believed that negative factors in the auto sector have been fully reflected in HORIZONROBOT-W's share price, and the market should recognize the Company's progress in chip and HSD sales. Therefore, the broker kept rating at Outperform for HORIZONROBOT-W, with a target price of $11. Auto-translated by AI AASTOCKS Financial News |
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