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| HSI1 | 25,398.18 | +215.79 | 330.94B |
| HSCEI1 | 8,507.87 | +82.05 | 107.19B |
| Back Zoom + Zoom - Block Traded | |
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HORIZONROBOT-W Stumbles 5%+ as UBS Axes TP to HKD10, Maintains Buy Rating
2026-05-28 10:48:34 HORIZONROBOT-W (09660.HK) opened flat today and hit an intraday trough of HKD5.64. It last printed at HKD5.66, down 5.19%, with a turnover of 75.001 million shares, involving HKD434 million. Owing to meager automobile demand in China, UBS lowered its revenue forecasts for HORIZONROBOT-W for FY2026-28 by 8-14%. However, as the company benefited from growing market share in high-end autonomous driving chips, and revenue contribution from cockpit technology applications was expected to accelerate starting from 2027, the broker forecast the company's revenue CAGR for FY2025-28 to still reach 61%. The broker revised down its adjusted EPS forecasts for FY2026-28 to RMB-0.25, RMB-0.12 and RMB0.04, respectively, to reflect lower revenue projections and higher R&D expense assumptions. It slashed the TP by 24% from HKD13.2 to HKD10, while maintaining a Buy rating. ~ AASTOCKS Financial News Website: www.aastocks.com | |