GO
| HSI1 | 24,963.23 | 0.00 | -- |
| HSCEI1 | 8,271.06 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
2026-07-24 16:28:05 HORIZONROBOT-W (09660.HK) will deepen cooperation with Volkswagen through the joint venture Carizon, and plans to issue USD450 million zero-coupon convertible bonds, Daiwa said in a research report. In this regard, the broker remained optimistic about the company's long-term prospects, but lowered its revenue forecasts for 2026-28 by 6-18% to reflect a more challenging competitive environment in the short term, and axed its 2028 net profit forecast by 60%. According to channel checks, the deepened cooperation with Volkswagen is expected to bring billions of RMB in revenue to HORIZONROBOT-W over the next few years. Starting from 3Q26, Carizon's urban NOA will be deployed in seven new Volkswagen models in China. Volkswagen also plans to deliver models with L3 capabilities in China starting from 2H27. The broker reiterated the Buy rating on HORIZONROBOT-W and lowered the TP from HKD10.6 to HKD6.3. ~ AASTOCKS Financial News Website: www.aastocks.com | |