On July 21, Horizon Robotics-W rose 3.19% in regular trading, reaching HK$4.53 per share with turnover of HK$349 million, as positive broker coverage and partnership developments continued to support sentiment.

On the news front, CMBI maintained its Buy rating on the company with a target price of HK$7.8, implying significant upside from current levels. The broker forecasts H1 revenue growth of 44.2% year-over-year to RMB 2.259 billion, with gross margin at 60.4%. Notably, CMBI expects net profit for the interim period, driven by convertible bond fair value gains. The full-year revenue forecast remains at RMB 6 billion.

A key catalyst is the expected acceleration of HSD (Horizon SuperDrive) solution sales from H2, primarily driven by BYD. CMBI projects H1 unit shipments of 2.29 million sets, up 16% year-over-year, with average selling price rising 24% to RMB 488 due to product mix optimization. Additionally, the company's cabin-driving integrated chip is expected to commence SOP in Q3, which should expand its customer base and further drive HSD adoption.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)