Guotai Junan Securities: Initiated coverage on Horizon Robotics (09660.HK) with a "buy" rating and a price target of 5.18 Hong Kong dollars.

According to the Wisdom Finance and Economics APP, Guotai Junan Securities released a research report stating that it covered Horizon Robotics (09660.HK) for the first time, giving it a "hold" rating with a target price of 5.18 Hong Kong dollars. The bank predicts that Horizon Robotics' revenue will reach 6.2/8.8/12.7 billion yuan from 2026 to 2028. The bank believes that Horizon Robotics is a core supplier of intelligent driving chips in China, providing customers with products that balance high performance and low cost with its core advantage of integrated hardware and software. With the start of mass production of HSD, the company's growth is expected to accelerate. In addition, the company will migrate its underlying technology capabilities to the fields of robotics and Robotaxi in the future.