Core Viewpoint - The stock of SUTENG JUCHUANG (02498) has seen a significant increase, driven by positive market sentiment following the announcement of Hesai Technology's global offering of 17 million Class B shares, which is expected to enhance the valuation framework within the lidar industry [1] Group 1: Company Performance - SUTENG JUCHUANG's stock rose over 5%, currently trading at 40.28 HKD with a trading volume of 414 million HKD [1] - UBS reported that SUTENG JUCHUANG's management is optimistic about the company's future, supported by recent significant orders from BYD (002594) and Geely, which are expected to bolster the growth of its ADAS lidar business [1] - The company is accelerating its penetration into the autonomous mobile equipment sector in its robotic lidar business, collaborating closely with MAMMOTION and Ninebot [1] Group 2: Financial Projections - UBS has raised its profit forecasts for SUTENG JUCHUANG for 2026 to 2027 by 4%, increasing the target price from 50 HKD to 52.8 HKD while maintaining a "Buy" rating [1] - The company aims to achieve a gross margin of 30% by 2026, with a long-term target of 35% [1]
速腾聚创午后涨超5% 禾赛赴港上市提升板块能见度 公司订单获取进展顺利