Core Viewpoint - Morgan Stanley has raised the target price for SOTON Juchuang to HKD 28.6, maintaining a neutral rating, reflecting a slightly positive outlook on the company's fundamentals driven by significant growth in the robotics segment and improved gross margins [1] Group 1: Business Performance - The robotics segment of SOTON Juchuang has shown substantial growth, contributing positively to the overall business outlook [1] - There is optimism regarding the penetration rate of ADAS LiDAR in China, with even low-cost vehicles gradually adopting it as a standard feature [1] Group 2: Financial Projections - Morgan Stanley forecasts a compound annual growth rate (CAGR) of 35% for SOTON Juchuang's sales from 2024 to 2027 [1] - The company is expected to achieve a net profit of RMB 109 million in 2026, with a break-even point anticipated in the fourth quarter of 2025 [1] Group 3: Market Dynamics - Despite the positive outlook, there are concerns about uncertain market share dynamics and a decline in the average selling price of mixed sales, which may slow down the revenue growth of ADAS LiDAR [1]