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<Research>CLSA Lifts HORIZONROBOT-W TP to $11.2; Caution Urged Over Potential Impact of Shareholder Lock-Up Period End
Recommend 15 Positive 22 Negative 8 |
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CLSA released a report noting that HORIZONROBOT-W (09660.HK)’s stock price has more than doubled YTD, with market switching valuation thesis from comparable P/S to the company’s own long-term potential. The broker conducted a scenario analysis of HORIZONROBOT-W’s 2030CL SoC shipments, revenue, and profit. It identified near-term catalysts including additional design orders from OEMs, the completion of J6P chip packaging, the launch of Horizon SuperDrive, and updates on the latest progress of its "Digua" humanoid robot. CLSA also cautioned investors to monitor the potential impact of the expiration of the lock-up period for HORIZONROBOT-W’s institutional shareholders, set for April 24, 2025. The broker raised its target price on HORIZONROBOT-W from HK$5.5 to HK$11.2. CLSA maintained an Outperform rating. AAStocks Financial News |
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