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<Research>CMBI Drops HORIZONROBOT-W (09660.HK) TP to $10 on High Growth Potential/ Unique Positioning
HORIZONROBOT-W (09660.HK) has high growth potential and a unique positioning, CMBI released a research report saying. Following the launch of the HSD solution, its management raise...
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<Research>CMBI Drops HORIZONROBOT-W (09660.HK) TP to $10 on High Growth Potential/ Unique Positioning
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HORIZONROBOT-W (09660.HK)  -0.280 (-4.052%)    Short selling $272.03M; Ratio 120.096%   has high growth potential and a unique positioning, CMBI released a research report saying. Following the launch of the HSD solution, its management raised the guidance for the CAGR of revenue over the next few years from 50% to 60%.

The broker believed that HORIZONROBOT-W, with its increasing market share in the urban NOA solution, upcoming cabin-driving fusion solutions, pilot operation of robotaxis, and collaboration with global tier-1 suppliers to expand overseas markets, possesses unique value and should enjoy a valuation premium.

The Company planned to launch the Agentic CAR cabin-driving fusion system chip this year, with mass production expected by the end of 2026, coinciding with the launch of Qualcomm (QCOM.US)      's SA8797, indicating competitiveness.

HORIZONROBOT-W also planned to start pilot operations of robotaxis with ecosystem partners in 3Q26, showcasing comprehensive autonomous driving capabilities.

Therefore, CMBI dropped its target price from $12.3 to $10, based on a projected 13x PS ratio for 2027, similar to Nvidia (NVDA.US)      's valuation level, with rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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