SANHUA(SZ:002050) Zhi Tong Cai Jing·2025-11-20 05:57Core Viewpoint - Morgan Stanley has raised the financial forecasts for Sanhua Intelligent Control (002050) for 2025 to 2027 by an average of 20% due to better-than-expected Q3 performance and management's upward guidance [1] Group 1: Financial Performance - The target price for Sanhua Intelligent Control's H-shares has been increased from HKD 41 to HKD 42, while the target price for its A-shares has been raised from RMB 43 to RMB 49, maintaining a "Buy" rating [1] - The company's robust fundamentals and strategic positioning in key areas present a buying opportunity [1] Group 2: Industry Trends - Insights from industry conferences have reinforced confidence in Sanhua Intelligent Control's long-term growth, with strong momentum in emerging fields such as humanoid robots and AIDC liquid cooling [1] - The automotive parts business shows resilience, and the global supply chain structure remains intact [1] Group 3: Future Outlook - The earnings outlook for Q4 and next year indicates continued profit growth and margin expansion, even in the face of high comparatives [1] - Despite a pullback in H and A shares since October due to profit-taking by investors, the overall growth trajectory remains positive [1]