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HORIZONROBOT-W Stumbles 5%+ as UBS Axes TP to HKD10, Maintains Buy Rating
Recommend 21 Positive 38 Negative 24 |
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HORIZONROBOT-W (09660.HK) opened flat today and hit an intraday trough of HKD5.64. It last printed at HKD5.66, down 5.19%, with a turnover of 75.001 million shares, involving HKD434 million. Owing to meager automobile demand in China, UBS lowered its revenue forecasts for HORIZONROBOT-W for FY2026-28 by 8-14%. However, as the company benefited from growing market share in high-end autonomous driving chips, and revenue contribution from cockpit technology applications was expected to accelerate starting from 2027, the broker forecast the company's revenue CAGR for FY2025-28 to still reach 61%. The broker revised down its adjusted EPS forecasts for FY2026-28 to RMB-0.25, RMB-0.12 and RMB0.04, respectively, to reflect lower revenue projections and higher R&D expense assumptions. It slashed the TP by 24% from HKD13.2 to HKD10, while maintaining a Buy rating. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. 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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