Core Viewpoint - UBS initiates coverage on SUTENG with a "Buy" rating and a target price of HKD 47.8, expressing optimism about the long-term prospects of the company's advanced driver assistance systems (ADAS) laser radar business due to increased adoption by OEM clients like BYD and Geely [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 will turn profitable next year and achieve 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]
大行评级｜瑞银：首予速腾聚创“买入”评级及目标价47.8港元