Core Viewpoint - Morgan Stanley has revised its earnings forecast for Sensata Technologies (00425) upwards for 2025 and 2026 due to a recovery in U.S. automotive production, raising the target price from HKD 25 to HKD 40, maintaining an "Overweight" rating [1] Group 1: Earnings Forecast Adjustment - The earnings forecast for Sensata has been increased by 13% and 12% for 2025 and 2026 respectively, following a recovery in U.S. automotive production [1] - Earlier in April, the forecast was reduced by 12% due to uncertainties surrounding U.S. tariffs and potential weakness in automotive production [1] Group 2: Stock Performance - Sensata's stock has risen by 130% this year, significantly outperforming the Hang Seng Index, which increased by 26% during the same period [1] - The stock performance is attributed to improved liquidity in the Hong Kong market, the company's resumption of dividend payments, and better-than-expected trends in European electric vehicle sales [1] Group 3: Financial Performance - For the first half of the year, Sensata reported an 11% increase in revenue and approximately 20% growth in earnings, which aligns with the company's guidance and market expectations [1]
小摩：升敏实集团(00425)目标价至40港元 中期盈利增长稳健