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 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.
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AAStocks Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| HZROB (C) |
22797 |
10.67 (-) |
0.033 |
5.0 X |
| HZROB (Bull) |
55048 |
6.53 (6.88) |
0.068 |
10.5 X |
| HZROB (Bull) |
68116 |
5.93 (6.28) |
0.139 |
5.1 X |
| Nvidia (C) |
11007 |
205 (-) |
0.100 |
7.5 X |
| Nvidia (P) |
11090 |
168 (-) |
0.415 |
2.4 X |
| Nvidia (P) |
10057 |
165 (-) |
0.114 |
8.8 X |
