Horizon Siasun Robot & Automation-W (09960) rose over 4%, as of the time of writing, it increased by 4.4%, priced at 4.27 Hong Kong dollars, with a transaction amount of 25.0897 million Hong Kong dollars.
According to the Zhitong Finance APP, Horizon Siasun Robot & Automation-W (09960) rose over 4%, as of the time of writing, it increased by 4.4%, priced at 4.27 Hong Kong dollars, with a transaction amount of 25.0897 million Hong Kong dollars.
Morgan Stanley released a research report stating that they have given Horizon Siasun Robot & Automation-W an initial "shareholding" rating, with a target price of 5.5 Hong Kong dollars, which corresponds to a predicted P/S of 12 times for the fiscal year 2026, and expects the company to achieve breakeven by 2027. The report pointed out that the company's robust project pipeline has favorable prospects for market share growth in China’s advanced driver-assistance systems (ADAS) and advanced driving (AD) sectors. The bank believes that as a third-party autonomous driving solution provider, it is in a favorable position to benefit from the rising penetration of autonomous driving in mainland China.
The bank continued to indicate that Horizon Siasun Robot & Automation has a mature and extensive customer base, and its flexible product portfolio generates a scalable business model that allows it to expand its own products or services while helping to increase its customers' auto sales. Horizon Siasun Robot & Automation also has a relatively healthy balance sheet, along with stable profitability and sales growth, which will help it cope with potential industry challenges and increase market share.