Core Viewpoint - SenseTime's stock price surged to HK$2.40, reflecting a 7.14% increase, driven by short-term catalysts in the "robotics, AI" sector and long-term improvements in its fundamentals, supported by institutional ratings and increased trading volume [1][2] Stock Performance - The stock reached a high of HK$2.40 with a trading volume of 705 million shares and a total turnover of HK$16.62 billion [2] - The stock opened at HK$2.26 and had a trading range between HK$2.24 and HK$2.40, with a market capitalization of HK$955.44 billion [2] Institutional Support - Galaxy Securities initiated coverage on SenseTime with a target price of HK$3.18, indicating a potential upside of 47% from the closing price of HK$2.16 on December 10, 2025 [2] Product Launches - SenseTime's recent "Product Launch Week" introduced several innovative AI products, including the Seko2.0 multi-episode generation agent and various AI applications for office and e-commerce [3][5] - The Seko2.0 can create and organize content simultaneously, while the AI assistant Xiaohuanxiong 3.0 and the marketing agent "Like Shadow" enhance operational efficiency [3][5] Growth Projections - Galaxy Securities forecasts a compound annual growth rate (CAGR) of 30% for SenseTime from 2024 to 2027, with revenue expected to rise from RMB 3.8 billion to RMB 8.3 billion, and profitability anticipated by 2027 [4] - The company's strategy focuses on independent market operations in various innovative sectors, optimizing resource allocation and financial structure [4] Technological Advancements - SenseTime's new products address industry challenges and enhance operational efficiency, with the Seko2.0 achieving significant upgrades and the AI office assistant demonstrating high accuracy in enterprise scenarios [5] - The open-source multi-modal NEO architecture requires only 3.9 million training data to achieve top performance, showcasing the company's technological capabilities [5] Valuation Insights - The launch of new products is seen as a key driver for valuation recovery, with Galaxy Securities noting that the current enterprise value/sales ratio of 13 times for the 2026 fiscal year does not fully reflect the growth potential of generative AI [6] - The combination of continuous technological breakthroughs, clear strategic focus, and positive capital ratings creates a resonant effect that positions SenseTime for sustained growth [6]
银河证券首次给予商汤科技“增持” 目标价3.18港元 47%上涨空间