Core Viewpoint - UBS report indicates that SUTENG JUCHUANG (02498) management is optimistic about the company's prospects, supported by recent significant orders from BYD (002594) and Geely Automobile (00175) for its ADAS lidar business [1] Group 1: Business Performance - The company has received important orders from major clients, which is expected to provide solid support for the growth of its ADAS lidar business [1] - In the robotic lidar sector, the company is accelerating penetration into the automated mobile equipment field and is closely collaborating with MAMMOTION and Ninebot [1] Group 2: Financial Projections - The group aims to achieve a gross margin of 30% by 2026, with a long-term gross margin target of 35% [1] - Based on the smooth progress in order acquisition, UBS has raised its profit forecasts for 2026 and 2027 by 4% and increased the target price from HKD 50 to HKD 52.8, maintaining a "Buy" rating [1]
瑞银：升速腾聚创目标价至52.8港元 订单增长及利润率提升展望乐观