HESAI-W (02525.HK) opened 4.42% higher today (3rd) and once peaked at HKD171.4. It last traded at HKD168.8, up 3.69%, with turnover of 697,600 shares, involving HKD118 million.

Goldman Sachs published a research report noting that during GTC Taipei at Computex in Taipei, NVIDIA Corporation (NVDA.US) announced the launch of the Isaac GROOT open-source general-purpose humanoid robot reference platform, which adopts the H2 humanoid chassis (i.e. robot body) from Unitree and the tactile five-finger dexterous hand from Sharpa Wave.

As a key supplier of LiDAR and actuator modules to Unitree and Sharpa, HESAI-W is expected to benefit from the future ecosystem development and mass production progress of NVIDIA, Unitree and Sharpa, with potential expansion to other customers.

Goldman Sachs said HESAI-W's current valuation is attractive. It set a 12-month TP of HKD273 for its H shares and USD35 for its US ADR, Hesai Group (HSAI.US), reiterating a Buy rating.
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AASTOCKS Financial News
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