CMB International Maintains 'Buy' Rating on Horizon Robotics-W with HK$7.8 Target Price

Deep News

07/21

CMB International has released a research report, projecting that Horizon Robotics-W (09660) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase of 44.2%, with a gross margin of 60.4%. The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.

The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by BYD Company Limited (01211). CMB International maintains its "Buy" rating on Horizon Robotics-W with an unchanged target price of HK$7.8.

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The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.<br><br>The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by <b>BYD Company Limited</b> (<b>01211</b>). CMB International maintains its \"Buy\" rating on <b>Horizon Robotics-W</b> with an unchanged target price of HK$7.8.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1109","symbol_name":"应用软件","start_time":0,"source_url":"","article_id":"1143322420","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143322420","pubTimestamp":1784645540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"CMB International has released a research report, projecting that Horizon Robotics-W (09660) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1109":"应用软件","09660":"地平线机器人-W"},"translate_title":"招银国际维持Horizon Robotics-W“买入”评级，目标价7.8港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09660":1},"content_text":"CMB International has released a research report, projecting that Horizon Robotics-W (09660) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase of 44.2%, with a gross margin of 60.4%. The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by BYD Company Limited (01211). CMB International maintains its \"Buy\" rating on Horizon Robotics-W with an unchanged target price of HK$7.8.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}