Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> Daiwa Lowers TP of RoboSense (02498.HK) to HKD57, Reiterates 'Buy' Rating
Recommend 5 Positive 3 Negative 0 |
||||
|
||||
|
Daiwa published a research report stating that RoboSense (02498.HK) achieved a milestone in its performance for the fourth quarter of last year. This was driven by the rapid expansion of its robotic laser radar business and the continuous improvement in the profitability of its ADAS LiDAR business, marking its first profitable quarter. The firm noted that after a weak delivery performance in the first nine months of last year, RoboSense has now significantly regained momentum and is poised to capture market share starting this year. Therefore, the firm believes that higher capacity utilization will support profit growth. The firm expects the company's overall LiDAR shipments to grow by 160% year-on-year this year. The firm anticipates that RoboSense will exhibit stronger growth momentum starting this year, and has lowered its target price from HKD60 to HKD57, reiterating a 'Buy' rating. However, based on the assumption of a higher gross margin for the company, the firm has raised its EPS forecast for next year by 35%, despite a decline in average selling price. (ca/j) 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
Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
