HSBC: Initiate Coverage of Horizon Robotics (09660) with a "Buy" Rating, Target Price of 13 Hong Kong Dollars.

According to the Securities Times app, JPMorgan Chase released a research report stating that it has initiated coverage of Horizon Robotics-W (09660), with a rating of "Buy" and a target price of HK$13. As a leading provider of intelligent driving solutions, Horizon Robotics had a market share of 46% in the ADAS solution market for Chinese automakers in the first half of 2025. With the accelerating penetration of intelligent driving in China, it is expected that leading technology suppliers will significantly benefit.