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<Research>BofAS Cuts TP of HORIZONROBOT-W (09660.HK) to HKD11.9, Rating Buy
BofA Securities released a research report stating that the management of HORIZONROBOT-W (09660.HK) reiterated a stable shipment outlook for this year, with total chip shipments ex...
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<Research>BofAS Cuts TP of HORIZONROBOT-W (09660.HK) to HKD11.9, Rating Buy
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BofA Securities released a research report stating that the management of HORIZONROBOT-W (09660.HK)  -0.280 (-4.052%)    Short selling $272.03M; Ratio 120.096%   reiterated a stable shipment outlook for this year, with total chip shipments expected to be 5.3-5.5 million units. Among these, the Horizon SuperDrive intelligent driving system was projected to see shipment of approximately 400,000 units, becoming a nascent growth driver.

With the increased contribution from high-end products, the management aims to raise the ASP from last year's USD60 to about USD100 this year, further confirming the broker's forecast of a 62% YoY revenue growth for this year.

The broker cut its revenue forecast for 2026-27 by 2-7% and reduced the target price from HKD12.2 to HKD11.9, maintaining a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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