CLSA Initiates Coverage on KNOWLEDGE ATLAS with Hold Rating and HK$1,500 Price Target
Deep News
Jun 21
Analysts at CLSA have initiated coverage on KNOWLEDGE ATLAS (02513) with a Hold rating, setting a target price of HK$1,500.
The firm cited elevated valuation as the primary reason for the Hold recommendation, noting the stock's forecast price-to-sales ratio for fiscal 2027 is approximately 57 times.
The report highlights that KNOWLEDGE ATLAS AI is a leading foundational model lab in China, having successfully translated cutting-edge research into token-based enterprise revenue.
CLSA expects the company to be well-positioned to capture value in the AI model layer over the next decade, supported by its strong talent pool, enterprise client base, and data flywheel effect.
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