星展:予地平线机器人-W“买入”评级 目标价10.4港元

新浪港股
19 Mar
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  星展发布研报称,给予地平线机器人-W(09660)“买入”评级,目标价10.4港元,相当于预测2026年企业价值与销售的23倍。该行称,地平线机器人受惠于约20%的电动车年复合增长率、自动驾驶渗透率上升和市场份额增加,预计集团2024至2027财年的收入年复合增长率为45%。

  星展预计地平线机器人的电动车相关第三方高级驾驶辅助系统(ADAS)和自动驾驶(AD)芯片安装市占率将由约40%,至2027年升至约50%。由于集团下半年推出高阶自动驾驶解决方案,料将成为主要催化因素。随着公司研发开支正常化,料2027年盈利将录得收支平衡。

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