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《大行》匯豐研究首予地平線機器人(09660.HK)「買入」評級 目標價10.2元
阿思達克 06-23 11:03
匯豐研究發表研究報告指,雖然地平線機器人(09660.HK)目前的收入規模較小,但它將成為中國內地自動駕駛普及的核心。地平線提供的人工智能芯片、演算法和自動駕駛軟件,目前已為超過40多間汽車製造商提供服務(包括比亞迪、吉利及理想等),車型超過310款。該行首予集團「買入」評級,目標價10.2元。 該行預計地平線機器人2025至27年的收入年複合增長率為64%,並預期公司將於2028年扭虧轉盈。雖然輝達(NVDA.US)在中國高端汽車市場佔有主導地位,但地平線機器人的晶片價格較低,相信這有助其擴大在中國市場的佔有率,該行估計將由2024年約15%升至2027年的約25%。鑑於目前的貿易緊張局勢,該行又相信地平線機器人可提供更高的供應鏈安全性。
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