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<Research> Jefferies Cuts ROBOSENSE (02498.HK) TP to HKD41.7, Rating Buy
Jefferies said in a report that LiDAR demand remains strong, but shifts in market share highlight an increasingly fragmented competitive landscape. Chinas LiDAR installations in A...
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<Research> Jefferies Cuts ROBOSENSE (02498.HK) TP to HKD41.7, Rating Buy
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Jefferies said in a report that LiDAR demand remains strong, but shifts in market share highlight an increasingly fragmented competitive landscape. Chinas LiDAR installations in April rose 114% YoY and 14% MoM to 378,000 units. Penetration in traditional passenger vehicles reached 19%, up 11 ppts YoY, while penetration in new energy vehicles reached 32%, up 16 ppts YoY.

The report noted continued divergence in market share trends. HESAI-W (02525.HK)  -2.400 (-1.552%)    Short selling $29.34M; Ratio 25.099%   maintained its leading position with a 34.7% share, up 5.5 ppts YoY but down 3.2 ppts MoM. Huawei rebounded to 26.8% in April, up 3.5 ppts MoM, but still down 13.3 ppts YoY. SEYOND (02665.HK)  -0.890 (-12.043%)   and ROBOSENSE (02498.HK)  -1.060 (-3.290%)    Short selling $16.53M; Ratio 17.030%   showed mixed performance, accounting for 12.8% and 11.8% market share, respectively, representing a YoY increase of 0.7 ppts and a YoY decrease of 6.7 ppts; on a MoM basis, they fell 4.4 ppts and rose 1.1 ppts, respectively.

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In the first four months of 2026, LiDAR installations surged 157% YoY to 1.3 million units. HESAI-W, Huawei, SEYOND and ROBOSENSE accounted for 34%, 31%, 16% and 12% of the total, respectively. Jefferies cut its TP for ROBOSENSE (02498.HK)  -1.060 (-3.290%)    Short selling $16.53M; Ratio 17.030%   from HKD50.8 to HKD41.7, while maintaining a Buy rating. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-08 12:25.)

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