Yamato: Raise the target price of Horizon Robotics-W to 10.5 Hong Kong dollars, reiterate "Buy" rating.

Yamato published a research report stating that the delivery momentum of Horizon Robotics-W chips in China is steady, with global orders reaching a breakthrough. The company reiterated its "buy" rating for Horizon, raising the target price from 9.6 Hong Kong dollars to 10.5 Hong Kong dollars, and also increasing revenue forecasts for the company for the next two years by 3% to 6% to reflect the expected increase in chip deliveries.