Daiwa Reiterates "Buy" on HORIZONROBOT-W, Raises Target Price to HK$12.4

Deep News

Mar 20

Daiwa Capital Markets has reaffirmed its "Buy" rating on HORIZONROBOT-W (09660) and increased the target price from HK$11.8 to HK$12.4. The firm raised its revenue forecasts for the company for the current and next fiscal years by 5% to 17%, driven by stronger-than-expected growth in 2025 order volume and intellectual property licensing service revenue.

The company reported robust full-year performance for 2025 and provided an optimistic outlook for 2026 and beyond. Daiwa has also introduced its first financial forecast for the company for 2028, anticipating explosive growth in shipments of its highway and urban navigation-assisted driving chips in 2026. The report further highlighted that HORIZONROBOT-W's strategy for its full-vehicle intelligent system-on-chip (SoC) and integrated driving-cockpit solutions is advancing, offering cost-effective solutions to automakers. This approach allows the company to avoid competition in the mature and highly homogeneous standalone cockpit chip market while pioneering a new "blue ocean" segment centered on whole-vehicle intelligence and AI agents.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1166964654"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1166964654\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1166964654?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-20 11:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1166964654","market":"sg","top_or_hot":-1,"title":"Daiwa Reiterates \"Buy\" on HORIZONROBOT-W, Raises Target Price to HK$12.4","media":"Deep News","content":"<p>Daiwa Capital Markets has reaffirmed its \"Buy\" rating on HORIZONROBOT-W (09660) and increased the target price from HK$11.8 to HK$12.4. The firm raised its revenue forecasts for the company for the current and next fiscal years by 5% to 17%, driven by stronger-than-expected growth in 2025 order volume and intellectual property licensing service revenue.</p>\n<p>The company reported robust full-year performance for 2025 and provided an optimistic outlook for 2026 and beyond. Daiwa has also introduced its first financial forecast for the company for 2028, anticipating explosive growth in shipments of its highway and urban navigation-assisted driving chips in 2026. The report further highlighted that HORIZONROBOT-W's strategy for its full-vehicle intelligent system-on-chip (SoC) and integrated driving-cockpit solutions is advancing, offering cost-effective solutions to automakers. This approach allows the company to avoid competition in the mature and highly homogeneous standalone cockpit chip market while pioneering a new \"blue ocean\" segment centered on whole-vehicle intelligence and AI agents.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daiwa Reiterates \"Buy\" on HORIZONROBOT-W, Raises Target Price to HK$12.4</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaiwa Reiterates \"Buy\" on HORIZONROBOT-W, Raises Target Price to HK$12.4\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-03-20 11:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Daiwa Capital Markets has reaffirmed its \"Buy\" rating on HORIZONROBOT-W (09660) and increased the target price from HK$11.8 to HK$12.4. The firm raised its revenue forecasts for the company for the current and next fiscal years by 5% to 17%, driven by stronger-than-expected growth in 2025 order volume and intellectual property licensing service revenue.</p>\n<p>The company reported robust full-year performance for 2025 and provided an optimistic outlook for 2026 and beyond. Daiwa has also introduced its first financial forecast for the company for 2028, anticipating explosive growth in shipments of its highway and urban navigation-assisted driving chips in 2026. The report further highlighted that HORIZONROBOT-W's strategy for its full-vehicle intelligent system-on-chip (SoC) and integrated driving-cockpit solutions is advancing, offering cost-effective solutions to automakers. This approach allows the company to avoid competition in the mature and highly homogeneous standalone cockpit chip market while pioneering a new \"blue ocean\" segment centered on whole-vehicle intelligence and AI agents.</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":"1166964654","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166964654","pubTimestamp":1773978075,"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":"Daiwa Capital Markets has reaffirmed its \"Buy\" rating on HORIZONROBOT-W (09660) and increased the target price from HK$11.8 to HK$12.4. The firm raised its revenue forecasts for the company for the...","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":"大和重申HORIZONROBOT-W“买入”目标价升至12.4港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09660":1},"content_text":"Daiwa Capital Markets has reaffirmed its \"Buy\" rating on HORIZONROBOT-W (09660) and increased the target price from HK$11.8 to HK$12.4. The firm raised its revenue forecasts for the company for the current and next fiscal years by 5% to 17%, driven by stronger-than-expected growth in 2025 order volume and intellectual property licensing service revenue.\nThe company reported robust full-year performance for 2025 and provided an optimistic outlook for 2026 and beyond. Daiwa has also introduced its first financial forecast for the company for 2028, anticipating explosive growth in shipments of its highway and urban navigation-assisted driving chips in 2026. The report further highlighted that HORIZONROBOT-W's strategy for its full-vehicle intelligent system-on-chip (SoC) and integrated driving-cockpit solutions is advancing, offering cost-effective solutions to automakers. This approach allows the company to avoid competition in the mature and highly homogeneous standalone cockpit chip market while pioneering a new \"blue ocean\" segment centered on whole-vehicle intelligence and AI agents.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}