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<Research> Bernstein Maintains HORIZONROBOT-W (09660.HK) Outperform Rating; Short-term Volatility Should Not Obscure Long-term Investment View
Recommend 20 Positive 32 Negative 18 |
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Bernstein issued a research report stating that HORIZONROBOT-W (09660.HK) has recently come under share price pressure, mainly due to market concerns over aggressive moves by automakers to develop in-house intelligent driving chips, as well as investor doubts about the companys 2026 delivery targets amid weak automobile sales. However, the broker believes that although the share price may remain relatively subdued in the near term due to market sentiment, short-term volatility should not obscure the long-term investment view underpinned by solid fundamentals. It maintained its Outperform rating with a target price of HKD10. The broker noted that third-party intelligent driving chips remain the best option for most automakers, as they lack the ability to attract top-tier artificial intelligence or silicon chip talent. Moreover, when annual production is below approximately 1.5 million vehicles, in-house development is not economically viable. In addition, automakers pursuing proprietary chips may still purchase IP licenses from HORIZONROBOT-W. (sl/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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