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CMBI Slightly Cuts SENSETIME-W TP to HKD2.45 as Interim Results In Line
2026-08-28 10:31:54
CMBI issued a research report on SENSETIME-W (00020.HK), of which revenue in 1H26 jumped up 23% YoY to RMB2.91 billion, broadly in line with market expectations. Adjusted net loss narrowed sharply by 67% YoY to RMB386 million, better than the market forecast for a loss of RMB523 million, on the back of improved efficiency and gains recorded from the disposal of subsidiaries.

CMBI raised its total revenue forecasts for SENSETIME-W for 2026-28 by up to 7% to reflect the strong performance of its generative AI business. The broker slightly lowered its TP from HKD2.5 to HKD2.45 and maintained its Buy rating.
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