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<Research>UBS Lifts ROBOSENSE (02498.HK) TP to $52.8 on Positive Outlook on Order Growth/ Profit Margin Expansion
Recommend 9 Positive 17 Negative 5 |
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The management of ROBOSENSE (02498.HK) held an optimistic view on the Company's prospects. Of which, recently, the Company secured significant orders from BYD COMPANY (01211.HK) and GEELY AUTO (00175.HK), which are expected to provide solid support for the growth of its ADAS LiDAR business, according to UBS' research report. In the field of robotics LiDAR business, the Company is accelerating its penetration into the autonomous mobile equipment sector, and is closely collaborating with MAMMOTION and Ninebot. The Group aimed to achieve a gross margin of 30% by 2026, with a long-term gross margin target of 35%. Based on the smooth progress in order acquisition, UBS raised its 2026-2027 earnings forecasts by 4%, and lifted its target price from $50 to $52.8, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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