Goldman Sachs: First gives Three Squirrels Smart Control a "buy" rating and a target price of 33.2 Hong Kong dollars, optimistic about its growth potential in the field of humanoid robot actuators.

Goldman Sachs released a report stating that they have initiated coverage on SFA Engineering Corp with a "buy" rating and a target price of 33.2 Hong Kong dollars. The bank believes that SFA is a leading global supplier of HVAC control and thermal management components, and is optimistic about its growth potential in the field of humanoid robot actuators, based on its solid global market leadership in HVAC components and electric vehicle thermal management components. Goldman Sachs predicts that from 2025 to 2030, SFA's revenue and net profit will grow at a compound annual growth rate of 19%. The bank considers humanoid robots to be an important long-term technological trend, and believes that SFA, as a high-visibility actuator assembler, is likely to play a key role in the supply chain. It is forecasted that by 2030, this business segment will contribute 25% and 18% of total revenue and net profit.