Core Viewpoint - UBS initiates coverage on SUTENG JUCHUANG (02498) with a "Buy" rating and a target price of HKD 47.8, highlighting optimism about the long-term prospects of its advanced driver assistance systems (ADAS) laser radar business due to increased adoption by OEM clients like BYD (002594) and Geely Automobile (00175) [1] Group 1 - The company is strengthening its position in the robotic laser radar sector, which is expected to become a new growth driver [1] - UBS forecasts that SUTENG JUCHUANG will turn profitable next year and anticipates a compound annual growth rate (CAGR) of 66% in net profit from 2026 to 2030, exceeding market expectations [1] - The market may be underestimating the growth potential driven by traditional domestic OEMs in the areas of intelligence and robotics [1]
瑞银：首予速腾聚创“买入”评级 目标价47.8港元