JPMorgan: Initiates SenseTime-W (00020.HK) with "Overweight" rating, target price HK$2

Zhito Finance APP has learned that JPMorgan has issued a research report stating that it has initiated coverage on SenseTime-W (00020.HK) with an "Overweight" rating and a target price of HK$2 by the end of December 2027. The bank described the company as infrastructure-centric, with deployment and multimodality as growth drivers, and the target price is based on an estimated enterprise value/EBITDA multiple of approximately 15x for 2028.