大和发表报告，首次覆盖禾赛-W(02525.HK) H股予“买入”评级及目标价264元。该行于3月10日启动对禾赛(HSAI.US) 美股的覆盖。
大和上调禾赛2026至27财年LiDAR出货量预测，预计2025年总出货量达146万台，按年增长191%。尽管平均售价可能持续大幅下滑，主要因产品组合转向200美元的ATX系列，该行认为销量增长应能完全抵销均价下跌，推动2025年营收实现约50%的按年增长。
该行料，2025年后均价跌幅将趋缓，因工程创新带来的进一步成本削减空间有限。基于中国整体LiDAR出货量可能上升，上调升禾赛2026至27年LiDAR出货预测，2026年预估出货量由180万台上调至210万台，2027年预测由280万台上调至310万台。(ha/da)(港股报价延迟最少十五分钟。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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