CMB International Maintains 'Buy' Rating on Horizon Robotics-W with HK$7.8 Target Price

Deep News

Jul 21

CMB International has released a research report, projecting that Horizon Robotics-W (09660) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase of 44.2%, with a gross margin of 60.4%. The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.

The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by BYD Company Limited (01211). CMB International maintains its "Buy" rating on Horizon Robotics-W with an unchanged target price of HK$7.8.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/1143322420"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1143322420\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1143322420?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-21 22:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143322420","market":"us","top_or_hot":-1,"title":"CMB International Maintains 'Buy' Rating on Horizon Robotics-W with HK$7.8 Target Price","media":"Deep News","content":"<p>CMB International has released a research report, projecting that <b>Horizon Robotics-W</b> (<b>09660</b>) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase of 44.2%, with a gross margin of 60.4%. The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.<br><br>The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by <b>BYD Company Limited</b> (<b>01211</b>). CMB International maintains its \"Buy\" rating on <b>Horizon Robotics-W</b> with an unchanged target price of HK$7.8.<br><br></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CMB International Maintains 'Buy' Rating on Horizon Robotics-W with HK$7.8 Target Price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCMB International Maintains 'Buy' Rating on Horizon Robotics-W with HK$7.8 Target Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-07-21 22:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CMB International has released a research report, projecting that <b>Horizon Robotics-W</b> (<b>09660</b>) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase of 44.2%, with a gross margin of 60.4%. The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.<br><br>The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by <b>BYD Company Limited</b> (<b>01211</b>). CMB International maintains its \"Buy\" rating on <b>Horizon Robotics-W</b> with an unchanged target price of HK$7.8.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1109","symbol_name":"应用软件","start_time":0,"source_url":"","article_id":"1143322420","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143322420","pubTimestamp":1784645540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"CMB International has released a research report, projecting that Horizon Robotics-W (09660) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1109":"应用软件","09660":"地平线机器人-W"},"translate_title":"招银国际维持Horizon Robotics-W“买入”评级，目标价7.8港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09660":1},"content_text":"CMB International has released a research report, projecting that Horizon Robotics-W (09660) will achieve revenue of RMB 22.59 billion for the first half of 2026, representing a year-on-year increase of 44.2%, with a gross margin of 60.4%. The report forecasts the company will record a net profit for the interim period, driven by gains in the fair value of convertible bonds.The bank has kept its full-year 2024 revenue forecast for Horizon unchanged at RMB 60 billion. It anticipates improved sales in the first half of the year, supported by an enhanced product mix, while growth in HSD solution sales is expected to accelerate starting from the second half, primarily propelled by BYD Company Limited (01211). CMB International maintains its \"Buy\" rating on Horizon Robotics-W with an unchanged target price of HK$7.8.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}