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<Research> Daiwa Lowers TP for RoboSense (02498.HK) to HKD57, Maintains 'Buy' Rating
Recommend 6 Positive 4 Negative 3 |
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Daiwa published a research report indicating that RoboSense (02498.HK) achieved its first quarterly profit in the fourth quarter of last year due to the rapid scaling of its lidar business in the robotics sector and the continuous improvement in the gross margin of its assisted driving lidar. The gross margin for assisted driving lidar increased from 13.4% in 2024 to 19.1% in 2025. The firm believes this improvement is not cyclical but reflects a fundamental shift based on a chip-based architecture. The firm expects RoboSense's delivery volume for assisted driving lidar to increase to 1.6 million units this year, capturing about 28% of the Chinese market share. Lidar in the robotics sector is expected to become the second growth curve, with an anticipated delivery volume of approximately 810,000 units this year. Daiwa raised RoboSense's EPS forecast for 2027 by 35% to reflect higher gross margin forecasts, lowering the target price from HKD60 to HKD57, while maintaining a 'Buy' rating. (sl/w) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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